LPL Financial LLC Cuts Position in Invesco Energy Exploration & Production ETF (NYSEARCA:PXE)

LPL Financial LLC reduced its position in shares of Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) by 15.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 107,876 shares of the company’s stock after selling 19,171 shares during the period. LPL Financial LLC’s holdings in Invesco Energy Exploration & Production ETF were worth $3,193,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PXE. Schmidt P J Investment Management Inc. increased its stake in Invesco Energy Exploration & Production ETF by 1.6% during the 4th quarter. Schmidt P J Investment Management Inc. now owns 20,921 shares of the company’s stock worth $619,000 after buying an additional 339 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of Invesco Energy Exploration & Production ETF by 149.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 969 shares of the company’s stock worth $29,000 after acquiring an additional 581 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Invesco Energy Exploration & Production ETF during the third quarter worth $71,000. Global Retirement Partners LLC raised its stake in shares of Invesco Energy Exploration & Production ETF by 21.3% in the fourth quarter. Global Retirement Partners LLC now owns 18,126 shares of the company’s stock valued at $537,000 after acquiring an additional 3,179 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. raised its stake in shares of Invesco Energy Exploration & Production ETF by 33.0% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 37,542 shares of the company’s stock valued at $1,111,000 after acquiring an additional 9,314 shares in the last quarter.

Invesco Energy Exploration & Production ETF Price Performance

PXE opened at $23.99 on Friday. The business has a fifty day moving average price of $28.32 and a 200 day moving average price of $29.80. Invesco Energy Exploration & Production ETF has a 12 month low of $22.19 and a 12 month high of $37.48. The stock has a market capitalization of $71.25 million, a price-to-earnings ratio of 11.41 and a beta of 1.32.

Invesco Energy Exploration & Production ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.193 per share. The ex-dividend date was Monday, March 24th. This is an increase from Invesco Energy Exploration & Production ETF’s previous dividend of $0.18.

Invesco Energy Exploration & Production ETF Profile

PowerShares Dynamic Energy Exploration & Production Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Exploration & Production Intellidex Index (the Index). The Index evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.