Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Shares Down 1.1% – Here’s Why

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) shares were down 1.1% during mid-day trading on Monday . The company traded as low as $120.43 and last traded at $120.43. Approximately 1,486 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 4,896 shares. The stock had previously closed at $121.72.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

The company has a market capitalization of $73.46 million, a price-to-earnings ratio of 19.97 and a beta of 1.25. The business has a fifty day moving average price of $125.38 and a 200 day moving average price of $125.19.

Invesco Dorsey Wright Basic Materials Momentum ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.1423 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.57 dividend on an annualized basis and a yield of 0.5%.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PYZ. Darwin Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter worth $31,000. Sound Income Strategies LLC acquired a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the fourth quarter valued at about $33,000. Raymond James Financial Inc. acquired a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the second quarter valued at about $34,000. Kestra Advisory Services LLC bought a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter valued at about $74,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter valued at about $79,000.

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.