Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Shares Down 0.9% – Here’s Why

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ – Get Free Report) shares traded down 0.9% during trading on Tuesday . The stock traded as low as $130.91 and last traded at $130.94. Approximately 764 shares were traded during mid-day trading, a decline of 86% from the average session volume of 5,562 shares. The stock had previously closed at $132.14.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

The stock has a market capitalization of $104.14 million, a PE ratio of 19.97 and a beta of 1.24. The stock has a 50 day moving average of $128.05 and a two-hundred day moving average of $122.95.

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Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter worth approximately $31,000. Sound Income Strategies LLC purchased a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the fourth quarter worth $33,000. Raymond James Financial Inc. acquired a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the second quarter valued at $34,000. Kestra Advisory Services LLC acquired a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter valued at $74,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter valued at $79,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Company Profile

(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.

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