Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Stock Price Down 0.4% – Should You Sell?

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) shares traded down 0.4% during trading on Thursday . The company traded as low as $99.88 and last traded at $100.2110. 3,692 shares were traded during mid-day trading, a decline of 11% from the average session volume of 4,127 shares. The stock had previously closed at $100.62.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Performance

The firm has a market cap of $84.16 million, a P/E ratio of 18.50 and a beta of 0.69. The stock’s 50-day moving average is $104.69 and its 200 day moving average is $108.39.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.2015 per share. This represents a $0.81 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, September 22nd.

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

Several large investors have recently made changes to their positions in PSL. US Bancorp DE acquired a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF during the third quarter worth about $25,000. Nova Wealth Management Inc. bought a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 1st quarter valued at approximately $120,000. Janney Montgomery Scott LLC boosted its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 11.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 2,945 shares of the company’s stock worth $326,000 after acquiring an additional 300 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 60.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,071 shares of the company’s stock worth $335,000 after acquiring an additional 1,157 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 29.4% during the 2nd quarter. Osaic Holdings Inc. now owns 5,283 shares of the company’s stock worth $583,000 after acquiring an additional 1,200 shares in the last quarter.

About Invesco Dorsey Wright Consumer Staples Momentum ETF

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.