Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Shares Down 1.1% – What’s Next?

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

Invesco Dorsey Wright Basic Materials Momentum ETF Trading Down 1.1%

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

Invesco Dorsey Wright Basic Materials Momentum ETF Announces Dividend

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

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

Large investors have recently modified their holdings of the company. Darwin Wealth Management LLC bought a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter worth $31,000. Sound Income Strategies LLC acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter valued at about $33,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the second quarter valued at about $34,000. Kestra Advisory Services LLC bought a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter worth about $74,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter worth 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.