Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Trading Down 3.4% – Should You Sell?

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ)’s stock price traded down 3.4% on Monday . The company traded as low as $116.88 and last traded at $116.96. 5,525 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 6,032 shares. The stock had previously closed at $121.12.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Performance

The company’s 50-day moving average is $125.54 and its 200-day moving average is $113.18. The firm has a market cap of $91.66 million, a price-to-earnings ratio of 19.97 and a beta of 1.33.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.1551 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.5%.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

Hedge funds have recently modified their holdings of the stock. Transamerica Financial Advisors LLC raised its position in Invesco Dorsey Wright Basic Materials Momentum ETF by 68,339.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 118,401 shares of the company’s stock worth $13,043,000 after purchasing an additional 118,228 shares during the last quarter. Laurel Wealth Advisors LLC increased its stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 9,182.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 66,464 shares of the company’s stock valued at $6,174,000 after buying an additional 65,748 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter valued at $4,692,000. LPL Financial LLC raised its position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 24.2% during the fourth quarter. LPL Financial LLC now owns 17,218 shares of the company’s stock worth $1,897,000 after acquiring an additional 3,353 shares during the last quarter. Finally, Maltin Wealth Management Inc. lifted its stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 2.6% during the fourth quarter. Maltin Wealth Management Inc. now owns 5,508 shares of the company’s stock valued at $607,000 after acquiring an additional 141 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.