Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ – Get Free Report) passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $99.76 and traded as low as $99.47. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF shares last traded at $99.3790, with a volume of 179 shares changing hands.
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Performance
The stock has a 50 day moving average of $96.29 and a two-hundred day moving average of $99.76. The firm has a market capitalization of $21.86 million, a P/E ratio of 20.49 and a beta of 1.15.
Hedge Funds Weigh In On Invesco Dorsey Wright Consumer Cyclicals Momentum ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% in the first quarter. Cetera Investment Advisers now owns 10,287 shares of the company’s stock worth $992,000 after purchasing an additional 323 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% during the first quarter. Bank of America Corp DE now owns 25,825 shares of the company’s stock worth $2,491,000 after purchasing an additional 807 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the second quarter worth $107,000. Fifth Third Bancorp bought a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the first quarter worth $241,000. Finally, Genesee Capital Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the third quarter valued at $254,000.
About Invesco Dorsey Wright Consumer Cyclicals Momentum ETF
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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