Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Stock Passes Below 50-Day Moving Average – Should You Sell?

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $108.24 and traded as low as $101.15. Invesco Dorsey Wright Consumer Staples Momentum ETF shares last traded at $101.3540, with a volume of 5,769 shares.

Invesco Dorsey Wright Consumer Staples Momentum ETF Trading Up 0.3%

The company has a market cap of $85.14 million, a PE ratio of 18.50 and a beta of 0.69. The company’s 50 day moving average is $108.24 and its 200 day moving average is $109.57.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

The company also recently disclosed 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 Trading of Invesco Dorsey Wright Consumer Staples Momentum ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Financial Management Professionals Inc. purchased a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the second quarter worth about $2,777,000. LPL Financial LLC raised its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 87.1% in the 1st quarter. LPL Financial LLC now owns 51,228 shares of the company’s stock valued at $5,552,000 after purchasing an additional 23,849 shares in the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 94.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 8,543 shares of the company’s stock worth $939,000 after purchasing an additional 4,154 shares during the period. Cetera Investment Advisers boosted its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 25.1% during the first quarter. Cetera Investment Advisers now owns 20,164 shares of the company’s stock valued at $2,185,000 after purchasing an additional 4,048 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF during the first quarter valued at approximately $276,000.

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.