Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Shares Up 2.9%

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) shot up 2.9% during mid-day trading on Thursday . The stock traded as high as $96.80 and last traded at $96.48. 3,546 shares traded hands during trading, a decline of 38% from the average session volume of 5,735 shares. The stock had previously closed at $93.72.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Price Performance

The stock’s 50-day moving average is $95.49 and its 200 day moving average is $92.64. The stock has a market cap of $72.44 million, a price-to-earnings ratio of 19.95 and a beta of 1.29.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PEZ. Silver Oak Securities Incorporated purchased a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 4th quarter valued at about $1,620,000. SPC Financial Inc. lifted its position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 4.5% during the 1st quarter. SPC Financial Inc. now owns 9,710 shares of the company’s stock valued at $937,000 after acquiring an additional 416 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 4th quarter worth approximately $5,631,000. Unique Wealth Strategies LLC acquired a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter worth $2,914,000. Finally, Scotia Capital Inc. purchased a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter worth $517,000.

About Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

PowerShares Dynamic Consumer Discretionary Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Consumer Discretionary Sector Intellidex Index (the Index). The Fund will normally invest at least 80% of its total assets in common stocks of consumer companies.