Raymond James & Associates Sells 360,236 Shares of Invesco Oil & Gas Services ETF (NYSEARCA:PXJ)

Raymond James & Associates decreased its position in Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) by 95.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,541 shares of the company’s stock after selling 360,236 shares during the quarter. Raymond James & Associates owned about 0.09% of Invesco Oil & Gas Services ETF worth $82,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Wells Fargo & Company MN grew its stake in shares of Invesco Oil & Gas Services ETF by 13.1% in the 4th quarter. Wells Fargo & Company MN now owns 25,947 shares of the company’s stock valued at $133,000 after buying an additional 3,001 shares in the last quarter. Advisory Services Network LLC boosted its position in Invesco Oil & Gas Services ETF by 231.8% during the first quarter. Advisory Services Network LLC now owns 5,644 shares of the company’s stock worth $28,000 after purchasing an additional 3,943 shares during the period. Captrust Financial Advisors bought a new stake in Invesco Oil & Gas Services ETF during the first quarter worth approximately $30,000. First Republic Investment Management Inc. boosted its position in Invesco Oil & Gas Services ETF by 12.1% during the second quarter. First Republic Investment Management Inc. now owns 68,850 shares of the company’s stock worth $262,000 after purchasing an additional 7,425 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its position in Invesco Oil & Gas Services ETF by 4.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 195,126 shares of the company’s stock worth $974,000 after purchasing an additional 8,989 shares during the period.

Invesco Oil & Gas Services ETF Stock Up 1.4 %

Shares of Invesco Oil & Gas Services ETF stock opened at $29.59 on Wednesday. The stock has a market capitalization of $37.87 million, a P/E ratio of -72.41 and a beta of 1.76. The stock has a 50 day moving average price of $30.26 and a two-hundred day moving average price of $28.28. Invesco Oil & Gas Services ETF has a 12-month low of $21.81 and a 12-month high of $31.83.

About Invesco Oil & Gas Services ETF

The Invesco Dynamic Oil & Gas Services ETF (PXJ) is an exchange-traded fund that mostly invests in energy equity. The fund tracks an index of US companies in the oil and gas services sector that are weighted in tiers. The index uses a multi-factor methodology to select holdings. PXJ was launched on Oct 26, 2005 and is managed by Invesco.