Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Trading Up 0.9% – Still a Buy?

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL)’s share price traded up 0.9% during mid-day trading on Monday . The company traded as high as $104.75 and last traded at $104.74. 1,826 shares changed hands during trading, a decline of 42% from the average session volume of 3,132 shares. The stock had previously closed at $103.83.

Invesco Dorsey Wright Consumer Staples Momentum ETF Trading Up 0.9%

The firm’s 50-day moving average price is $100.98 and its 200 day moving average price is $106.78. The company has a market capitalization of $86.93 million, a price-to-earnings ratio of 18.50 and a beta of 0.69.

Invesco Dorsey Wright Consumer Staples Momentum ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.2349 per share. This is an increase from Invesco Dorsey Wright Consumer Staples Momentum ETF’s previous quarterly dividend of $0.20. This represents a $0.94 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, December 22nd.

Hedge Funds Weigh In On Invesco Dorsey Wright Consumer Staples Momentum ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 11.3% in the second quarter. Janney Montgomery Scott LLC now owns 2,945 shares of the company’s stock valued at $326,000 after buying an additional 300 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF during the second quarter worth about $2,777,000. Nova Wealth Management Inc. lifted its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 9.9% in the second quarter. Nova Wealth Management Inc. now owns 1,216 shares of the company’s stock worth $135,000 after acquiring an additional 110 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 94.6% in the third quarter. J.W. Cole Advisors Inc. now owns 8,543 shares of the company’s stock worth $939,000 after acquiring an additional 4,154 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 60.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,071 shares of the company’s stock valued at $335,000 after purchasing an additional 1,157 shares in the last quarter.

About Invesco Dorsey Wright Consumer Staples Momentum ETF

PowerShares Dynamic Consumer Staples Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Consumer Staples Sector Intellidex Index (the Index). The Fund will normally invest at least 80% of its total assets in common stocks of consumer staples companies. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index consists of stocks of 60 United States consumer staples companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.