Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Shares Down 1.1% – What’s Next?

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ)’s stock price fell 1.1% on Monday . The stock traded as low as $120.43 and last traded at $120.43. 1,486 shares traded hands during trading, a decline of 70% from the average daily volume of 4,896 shares. The stock had previously closed at $121.72.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

The firm has a market capitalization of $71.69 million, a P/E ratio of 19.97 and a beta of 1.25. The firm’s 50 day moving average is $125.34 and its two-hundred day moving average is $125.21.

Invesco Dorsey Wright Basic Materials Momentum ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.1423 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.57 annualized dividend and a dividend yield of 0.5%.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

Several institutional investors and hedge funds have recently bought and sold shares of PYZ. Darwin Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter valued at $31,000. Sound Income Strategies LLC acquired a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the fourth quarter valued at approximately $33,000. Raymond James Financial Inc. bought a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the second quarter valued at about $34,000. Kestra Advisory Services LLC bought a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter valued at approximately $74,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter valued at approximately $79,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Company Profile

The Invesco DWA Basic Materials Momentum ETF (PYZ) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an index of US basic materials firms selected and weighted by price momentum. PYZ was launched on Oct 12, 2006 and is managed by Invesco.