Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Stock Falls 0.4% – Time to Sell?

Shares of Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) traded down 0.4% during trading on Friday. The stock traded as low as $113.37 and last traded at $113.5940. 322 shares changed hands during trading, a decline of 81% from the average daily volume of 1,728 shares. The stock had previously closed at $114.10.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Down 0.4%

The firm has a 50 day moving average of $111.44 and a 200-day moving average of $111.73. The firm has a market capitalization of $80.65 million, a P/E ratio of 18.50 and a beta of 0.65.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PSL. IMC Chicago LLC grew its position 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 buying an additional 30,081 shares during the last quarter. Maltin Wealth Management Inc. lifted its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 4.0% during the third quarter. Maltin Wealth Management Inc. now owns 14,964 shares of the company’s stock valued at $1,592,000 after purchasing an additional 580 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the 3rd quarter worth about $1,557,000. Commonwealth Equity Services LLC bought a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF during the third quarter valued at $619,000. Finally, Sigma Planning Corp bought a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 3rd quarter worth approximately $339,000.

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.