Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Stock Price Down 3.4% – Should You Sell?

Shares of Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) traded down 3.4% during trading on Monday . The stock traded as low as $116.88 and last traded at $116.96. 5,525 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 6,032 shares. The stock had previously closed at $121.12.

Invesco Dorsey Wright Basic Materials Momentum ETF Trading Down 3.4%

The firm has a market cap of $87.72 million, a P/E ratio of 19.97 and a beta of 1.33. The business’s fifty day moving average price is $125.30 and its two-hundred day moving average price is $113.03.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.1551 per share. This represents a $0.62 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Investors Weigh In On Invesco Dorsey Wright Basic Materials Momentum ETF

A number of large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the fourth quarter valued at approximately $437,000. Arax Advisory Partners bought a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter valued at approximately $306,000. Kestra Advisory Services LLC acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter worth $74,000. Transamerica Financial Advisors LLC lifted its stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 68,339.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 118,401 shares of the company’s stock worth $13,043,000 after buying an additional 118,228 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter worth $4,692,000.

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.