Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Trading Down 1.8%

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) shares fell 1.8% on Friday . The stock traded as low as $85.14 and last traded at $85.24. 2,169 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 2,411 shares. The stock had previously closed at $86.76.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Performance

The company has a market cap of $57.96 million, a P/E ratio of 10.44 and a beta of 1.36. The business has a fifty day simple moving average of $89.07 and a 200 day simple moving average of $89.41.

Invesco Dorsey Wright Basic Materials Momentum ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a dividend of $0.2638 per share. The ex-dividend date of this dividend was Monday, June 24th. This is a boost from Invesco Dorsey Wright Basic Materials Momentum ETF’s previous quarterly dividend of $0.21. This represents a $1.06 annualized dividend and a yield of 1.24%.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

Several institutional investors have recently added to or reduced their stakes in the business. Maltin Wealth Management Inc. boosted its stake in Invesco Dorsey Wright Basic Materials Momentum ETF by 4.3% in the second quarter. Maltin Wealth Management Inc. now owns 5,250 shares of the company’s stock valued at $459,000 after acquiring an additional 216 shares during the period. IMC Chicago LLC bought a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 1st quarter worth approximately $1,061,000. Finally, Truist Financial Corp boosted its position in Invesco Dorsey Wright Basic Materials Momentum ETF by 2.5% during the 2nd quarter. Truist Financial Corp now owns 26,591 shares of the company’s stock valued at $2,325,000 after purchasing an additional 646 shares during the period.

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.