Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Stock Price Down 0.2% – Time to Sell?

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) fell 0.2% on Monday . The company traded as low as $109.65 and last traded at $110.11. 1,051 shares were traded during mid-day trading, a decline of 48% from the average session volume of 2,038 shares. The stock had previously closed at $110.32.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Down 0.2%

The firm has a market capitalization of $90.29 million, a price-to-earnings ratio of 18.50 and a beta of 0.64. The company has a fifty day moving average price of $110.11 and a two-hundred day moving average price of $107.88.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.2082 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.83 annualized dividend and a yield of 0.8%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PSL. US Bancorp DE purchased a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the third quarter valued at about $25,000. Kestra Advisory Services LLC purchased a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF during the fourth quarter worth about $44,000. Capital Analysts LLC increased its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 32.8% in the 4th quarter. Capital Analysts LLC now owns 685 shares of the company’s stock valued at $69,000 after acquiring an additional 169 shares during the period. Sound Income Strategies LLC purchased a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF during the 4th quarter valued at approximately $101,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF during the 1st quarter valued at approximately $230,000.

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.