Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Shares Up 0.2% – Still a Buy?

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ)’s stock price shot up 0.2% during trading on Monday. The company traded as high as $94.20 and last traded at $94.1390. Approximately 185 shares were traded during mid-day trading, a decline of 75% from the average session volume of 730 shares. The stock had previously closed at $93.99.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Trading Down 0.5%

The firm has a market cap of $21.57 million, a P/E ratio of 24.30 and a beta of 1.16. The firm has a 50-day simple moving average of $97.65 and a 200-day simple moving average of $99.00.

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

A number of hedge funds have recently made changes to their positions in PEZ. Fifth Third Bancorp acquired a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 1st quarter valued at about $241,000. Integrated Wealth Concepts LLC acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the second quarter worth about $107,000. Bank of America Corp DE grew its stake in shares of 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 acquiring an additional 807 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% during 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.

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.