Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Shares Cross Below 200-Day Moving Average – What’s Next?

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ)’s stock price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $99.76 and traded as low as $99.47. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF shares last traded at $99.3790, with a volume of 179 shares traded.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Down 0.9%

The business’s fifty day moving average is $96.29 and its two-hundred day moving average is $99.76. The stock has a market cap of $21.86 million, a price-to-earnings ratio of 20.49 and a beta of 1.15.

Institutional Investors Weigh In On Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% during the first quarter. Bank of America Corp DE now owns 25,825 shares of the company’s stock worth $2,491,000 after purchasing an additional 807 shares during the period. Cetera Investment Advisers grew its stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% in the first quarter. Cetera Investment Advisers now owns 10,287 shares of the company’s stock worth $992,000 after acquiring an additional 323 shares during the last quarter. Genesee Capital Advisors LLC acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 3rd quarter worth $254,000. Fifth Third Bancorp acquired a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 1st quarter worth approximately $241,000. Finally, Integrated Wealth Concepts LLC bought a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the second quarter valued at about $107,000.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Company Profile

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. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index consists of stocks of 60 United States consumer companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including retail, automotive, leisure and recreation, media and real estate.