Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Shares Down 0.7% – Should You Sell?

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) traded down 0.7% on Monday . The company traded as low as $102.92 and last traded at $102.92. 474 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 952 shares. The stock had previously closed at $103.64.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Down 0.7%

The stock has a market cap of $23.67 million, a P/E ratio of 24.30 and a beta of 1.23. The business has a 50 day moving average price of $100.19 and a two-hundred day moving average price of $101.29.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Announces Dividend

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

Hedge Funds Weigh In On Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

A number of hedge funds have recently made changes to their positions in the business. Silver Oak Securities Incorporated bought a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the third quarter worth about $2,540,000. Bank of America Corp DE boosted its stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 1.2% in 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. Osaic Holdings Inc. boosted its stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 4.8% in the second quarter. Osaic Holdings Inc. now owns 13,411 shares of the company’s stock worth $1,334,000 after acquiring an additional 616 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 4.3% in the first quarter. Goldman Sachs Group Inc. now owns 12,078 shares of the company’s stock worth $1,039,000 after acquiring an additional 501 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 1.8% in the fourth quarter. Cetera Investment Advisers now owns 9,964 shares of the company’s stock worth $1,036,000 after buying an additional 174 shares in the last quarter.

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.