Investors Research Corp Buys New Position in Invesco Dorsey Wright Basic Materials Momentum ETF $PYZ

Investors Research Corp bought a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,048 shares of the company’s stock, valued at approximately $1,642,000.

Several other hedge funds also recently modified their holdings of the company. Transamerica Financial Advisors LLC grew its holdings in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 68,339.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 118,401 shares of the company’s stock worth $13,043,000 after buying an additional 118,228 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 11.2% during the first quarter. Janney Montgomery Scott LLC now owns 47,370 shares of the company’s stock valued at $5,676,000 after buying an additional 4,778 shares during the period. NewEdge Advisors LLC acquired a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the first quarter worth approximately $2,629,000. LPL Financial LLC boosted its position in Invesco Dorsey Wright Basic Materials Momentum ETF by 24.2% during the fourth quarter. LPL Financial LLC now owns 17,218 shares of the company’s stock worth $1,897,000 after acquiring an additional 3,353 shares during the last quarter. Finally, JNBA Financial Advisors purchased a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the 2nd quarter worth approximately $1,678,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Performance

Shares of PYZ opened at $122.87 on Wednesday. The stock has a fifty day moving average of $123.15 and a two-hundred day moving average of $124.88. The company has a market capitalization of $74.95 million, a PE ratio of 19.97 and a beta of 1.26. Invesco Dorsey Wright Basic Materials Momentum ETF has a fifty-two week low of $97.09 and a fifty-two week high of $134.10.

Invesco Dorsey Wright Basic Materials Momentum ETF Announces Dividend

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

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.