Maltin Wealth Management Inc. Buys 597 Shares of Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL)

Maltin Wealth Management Inc. lifted its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) by 10.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,250 shares of the company’s stock after purchasing an additional 597 shares during the period. Maltin Wealth Management Inc. owned about 0.70% of Invesco Dorsey Wright Consumer Staples Momentum ETF worth $636,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PSL. New Millennium Group LLC bought a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF during the 2nd quarter worth about $27,000. Selective Wealth Management Inc. purchased a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the 2nd quarter valued at approximately $202,000. B. Riley Wealth Advisors Inc. raised its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 2.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 5,172 shares of the company’s stock valued at $505,000 after purchasing an additional 108 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the 1st quarter valued at approximately $532,000. Finally, Cetera Investment Advisers purchased a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the 1st quarter valued at approximately $1,660,000.

Invesco Dorsey Wright Consumer Staples Momentum ETF Price Performance

PSL traded up $0.64 during trading on Friday, reaching $100.90. 2,027 shares of the company’s stock were exchanged, compared to its average volume of 2,336. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 1 year low of $78.66 and a 1 year high of $102.18. The stock has a market capitalization of $89.80 million, a P/E ratio of 25.07 and a beta of 0.73. The company’s fifty day simple moving average is $99.82 and its 200-day simple moving average is $97.66.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.101 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Monday, September 23rd.

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.