We began trimming some fat off our Energy Equities today. I don’t foresee any problems in this industry; we’re just trimming some profits to move to another out-of-favor sector of the market. We still believe the PowerShares DWA Energy Momentum Portfolio (PXI : $PXI) is a good investment. Price paid $36.15. Price sold $39.56.
For those who are new to the Deep Value ETF Accumulator website, you may be wondering why we are selling shares of PXI instead of XLE, which is listed on the daily list. Well, the reason behind that is, I could not decide between XLE & PXI when I was accumulating shares, so we accumulated both. For now, we are going to continue holding both, but eventually we will divest from one or the other, but not both. I’ve attached a chart below that might show the difficulty I had in choosing just one Energy ETF.
You can read about why we are invested in PXI and XLE right here: Discovering Value in the Top 3 Energy ETFs
Also, here is a deep dive article on PXI: Looking Under the Hood of the PowerShares DWA Energy Momentum Portfolio ETF (PXI) $PXI
