Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Shares Up 0.6% – Should You Buy?

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ)’s stock price was up 0.6% on Monday. The stock traded as high as $98.76 and last traded at $98.6450. Approximately 457 shares traded hands during trading, a decline of 34% from the average session volume of 693 shares. The stock had previously closed at $98.02.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Trading Up 0.6%

The stock has a market capitalization of $21.70 million, a PE ratio of 24.30 and a beta of 1.16. The stock’s fifty day simple moving average is $96.12 and its 200-day simple moving average is $100.15.

Institutional Inflows and Outflows

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

About Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

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.