Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Shares Up 2.5% – Here’s Why

Posted by Stanley Muller on May 27th, 2026

Shares of Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ – Get Free Report) rose 2.5% during trading on Tuesday . The stock traded as high as $129.99 and last traded at $129.73. Approximately 2,229 shares were traded during trading, a decline of 64% from the average daily volume of 6,244 shares. The stock had previously closed at $126.54.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Up 2.5%

The firm has a market capitalization of $103.78 million, a PE ratio of 19.97 and a beta of 1.25. The company’s 50-day simple moving average is $123.84 and its 200 day simple moving average is $119.68.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.1193 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

Hedge Funds Weigh In On Invesco Dorsey Wright Basic Materials Momentum ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 11.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 47,370 shares of the company’s stock valued at $5,676,000 after purchasing an additional 4,778 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter valued at approximately $437,000. Arax Advisory Partners purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter valued at approximately $306,000. Kestra Advisory Services LLC purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter valued at approximately $74,000. Finally, Transamerica Financial Advisors LLC raised its position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 68,339.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 118,401 shares of the company’s stock valued at $13,043,000 after purchasing an additional 118,228 shares during the last quarter.

About Invesco Dorsey Wright Basic Materials Momentum ETF

(Get Free Report)

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.