Shares of Invesco Dynamic Media ETF (NYSEARCA:PBS) rose 1.2% during trading on Monday . The company traded as high as $36.06 and last traded at $35.82. Approximately 3,488 shares changed hands during trading, a decline of 59% from the average daily volume of 8,555 shares. The stock had previously closed at $35.39.
The firm’s 50-day simple moving average is $35.58 and its 200-day simple moving average is $30.66.
Several large investors have recently bought and sold shares of PBS. Advisor Group Holdings Inc. acquired a new position in Invesco Dynamic Media ETF during the first quarter worth $50,000. Advocacy Wealth Management Services LLC acquired a new stake in Invesco Dynamic Media ETF during the second quarter worth about $1,181,000. Finally, Private Advisor Group LLC acquired a new stake in Invesco Dynamic Media ETF during the second quarter worth about $32,000.
PowerShares Dynamic Media Portfolio (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Media Intellidex Index (the Index). The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.
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