We closed our position in the PowerShares DWA Energy Momentum Portfolio (PXI) today. I don’t foresee any problems with this ETF; we’ve just decided that we would only own one Energy equity ETF. We have chosen to keep our holdings in XLE and let go of these shares of PXI. Both are equally good, but very different Energy ETFs. Price paid $36.15. Price sold $44.26. Read why we invest in XLE right here: Discovering Value in the Top 3 Energy ETFs
