Comerica Bank owns a $108,000 stake in the Invesco Oil & Gas Services ETF (NYSEARCA:PXJ)

Comerica Bank reduced its holdings in Invesco Oil & Gas Services ETF (NYSEARCA:PXJ – Free Report) by 13.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,400 shares of the company’s stock after selling 507 shares during the quarter. Comerica Bank owned 0.11% of Invesco Oil & Gas Services ETF worth $108,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Hennion & Walsh Asset Management Inc. increased its position in shares of Invesco Oil & Gas Services ETF by 5.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 13,260 shares of the company’s stock valued at $421,000 after purchasing an additional 650 shares in the last quarter. Nilsine Partners LLC increased its position in shares of Invesco Oil & Gas Services ETF by 4.0% in the 1st quarter. Nilsine Partners LLC now owns 40,939 shares of the company’s stock valued at $1,300,000 after purchasing an additional 1,564 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of Invesco Oil & Gas Services ETF in the 4th quarter valued at about $235,000. MinichMacGregor Wealth Management LLC acquired a new position in shares of Invesco Oil & Gas Services ETF during the 4th quarter valued at approximately $328,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Invesco Oil & Gas Services ETF during the 1st quarter valued at approximately $1,679,000.

Invesco Oil & Gas Services ETF trading up 0.3%

NYSEARCA:PXJ shares opened at $30.75 on Monday. The company has a 50-day moving average of $31.56 and a 200-day moving average of $31.18. The stock has a market cap of $91.64 million, a P/E ratio of 124.34 and a beta of 0.72. The Invesco Oil & Gas Services ETF has a 12-month low of $26.54 and a 12-month high of $34.01.

About Invesco Oil & Gas Services ETF

(Free report)

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