MGB Wealth Management LLC Sells 10,711 Shares of Invesco Energy Exploration & Production ETF (NYSEARCA:PXE)

MGB Wealth Management LLC lessened its holdings in shares of Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) by 58.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,500 shares of the company’s stock after selling 10,711 shares during the period. MGB Wealth Management LLC owned approximately 0.18% of Invesco Energy Exploration & Production ETF worth $219,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Schmidt P J Investment Management Inc. increased its holdings 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 purchasing an additional 339 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Invesco Energy Exploration & Production ETF by 4.1% during the third quarter. Private Advisor Group LLC now owns 44,266 shares of the company’s stock worth $1,312,000 after buying an additional 1,753 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Invesco Energy Exploration & Production ETF in the 3rd quarter valued at approximately $71,000. Cetera Investment Advisers lifted its stake in Invesco Energy Exploration & Production ETF by 6.7% in the 2nd quarter. Cetera Investment Advisers now owns 43,814 shares of the company’s stock valued at $1,449,000 after acquiring an additional 2,742 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. lifted its stake in Invesco Energy Exploration & Production ETF by 33.5% in the 3rd quarter. Mraz Amerine & Associates Inc. now owns 28,228 shares of the company’s stock valued at $837,000 after acquiring an additional 7,090 shares in the last quarter.

Invesco Energy Exploration & Production ETF Stock Down 3.4 %

Shares of PXE opened at $30.01 on Thursday. Invesco Energy Exploration & Production ETF has a twelve month low of $27.91 and a twelve month high of $37.48. The stock has a market capitalization of $127.84 million, a P/E ratio of 5.39 and a beta of 0.70. The company has a 50 day moving average of $30.37 and a 200-day moving average of $30.73.

Invesco Energy Exploration & Production ETF Company 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.