Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Stock Jumps 1.9% – Here’s What Happened

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL)’s share price rose 1.9% during trading on Thursday. The stock traded as high as $110.55 and last traded at $110.38. 3,358 shares were traded during trading, an increase of 89% from the average daily volume of 1,777 shares. The stock had previously closed at $108.31.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Performance

The company’s 50-day moving average price is $112.07 and its two-hundred day moving average price is $111.51. The stock has a market cap of $79.60 million, a PE ratio of 18.50 and a beta of 0.65.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a $0.1652 dividend. The ex-dividend date was Monday, September 21st. This is a negative change from Invesco Dorsey Wright Consumer Staples Momentum ETF’s previous quarterly dividend of $0.1933. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%.

Institutional Trading of Invesco Dorsey Wright Consumer Staples Momentum ETF

Large investors have recently modified their holdings of the company. IMC Chicago LLC increased its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 71.3% in the 1st quarter. IMC Chicago LLC now owns 72,244 shares of the company’s stock valued at $7,842,000 after acquiring an additional 30,081 shares during the period. Maltin Wealth Management Inc. boosted its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 82.1% in the 1st quarter. Maltin Wealth Management Inc. now owns 13,205 shares of the company’s stock worth $1,433,000 after purchasing an additional 5,954 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF during the 1st quarter valued at approximately $230,000. Finally, Compass Financial Management LLC acquired a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF during the 2nd quarter worth about $30,000.

Invesco Dorsey Wright Consumer Staples Momentum ETF Company Profile

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.