Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL – Get Free Report)’s share price was down 0.4% during mid-day trading on Friday. The company traded as low as $113.37 and last traded at $113.5940. 322 shares were traded during trading, a decline of 81% from the average daily volume of 1,728 shares. The stock had previously closed at $114.10.
Invesco Dorsey Wright Consumer Staples Momentum ETF Price Performance
The company has a market cap of $80.65 million, a price-to-earnings ratio of 18.50 and a beta of 0.65. The firm has a fifty day simple moving average of $111.44 and a 200 day simple moving average of $111.73.
Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were issued a $0.1652 dividend. This is a drop from Invesco Dorsey Wright Consumer Staples Momentum ETF’s previous quarterly dividend of $0.1933. The ex-dividend date was Monday, September 21st. This represents a $0.66 annualized dividend and a yield of 0.6%.
Hedge Funds Weigh In On Invesco Dorsey Wright Consumer Staples Momentum ETF
A number of institutional investors have recently made changes to their positions in the business. IMC Chicago LLC grew its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 71.3% during the first quarter. IMC Chicago LLC now owns 72,244 shares of the company’s stock worth $7,842,000 after buying an additional 30,081 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF during the 3rd quarter worth $619,000. Kestra Advisory Services LLC acquired a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF in the third quarter valued at approximately $1,557,000. Sigma Planning Corp bought a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the 3rd quarter valued at about $339,000. Finally, Manchester Capital Management LLC bought a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF during the third quarter worth about $64,000.
Invesco Dorsey Wright Consumer Staples Momentum ETF Company Profile
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. 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 staples companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.
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