Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Shares Down 0.2% – Here’s Why

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZGet Free Report)’s share price was down 0.2% during mid-day trading on Tuesday . The company traded as low as $101.16 and last traded at $99.45. Approximately 49 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 768 shares. The stock had previously closed at $99.61.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Performance

The firm has a market cap of $23.61 million, a price-to-earnings ratio of 24.30 and a beta of 1.16. The business’s 50 day moving average price is $99.19 and its 200-day moving average price is $101.71.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.0985 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, March 23rd.

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

A number of institutional investors have recently modified their holdings of the stock. Trueblood Wealth Management LLC raised its stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 2.3% in the 4th quarter. Trueblood Wealth Management LLC now owns 4,466 shares of the company’s stock valued at $464,000 after purchasing an additional 99 shares in the last quarter. Cetera Investment Advisers raised its stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 1.8% during the fourth quarter. Cetera Investment Advisers now owns 9,964 shares of the company’s stock worth $1,036,000 after acquiring an additional 174 shares during the period. Farther Finance Advisors LLC raised its stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 2.5% during the fourth quarter. Farther Finance Advisors LLC now owns 9,276 shares of the company’s stock worth $964,000 after acquiring an additional 225 shares during the period. Sound Income Strategies LLC acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter worth about $26,000. Finally, Bank of America Corp DE raised its stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 1.2% during the second quarter. Bank of America Corp DE now owns 24,768 shares of the company’s stock worth $2,464,000 after acquiring an additional 282 shares during the period.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Company Profile

(Get Free Report)

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.

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