Raymond James Financial Services Advisors Inc. Grows Stock Position in Invesco DWA Basic Materials Momentum ETF (NASDAQ:PYZ)

Raymond James Financial Services Advisors Inc. lifted its position in shares of Invesco DWA Basic Materials Momentum ETF (NASDAQ:PYZ – Get Rating) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,174 shares of the company’s stock after purchasing an additional 1,348 shares during the period. Raymond James Financial Services Advisors Inc. owned about 1.24% of Invesco DWA Basic Materials Momentum ETF worth $1,832,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. IMC Chicago LLC bought a new position in shares of Invesco DWA Basic Materials Momentum ETF in the third quarter valued at approximately $730,000. SFG Wealth Management LLC. bought a new position in Invesco DWA Basic Materials Momentum ETF during the fourth quarter valued at about $219,000. Silver Oak Securities Incorporated acquired a new position in Invesco DWA Basic Materials Momentum ETF during the fourth quarter worth about $605,000. Envestnet Asset Management Inc. lifted its holdings in Invesco DWA Basic Materials Momentum ETF by 1.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 15,162 shares of the company’s stock valued at $1,199,000 after acquiring an additional 223 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Invesco DWA Basic Materials Momentum ETF by 1,380.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 58,895 shares of the company’s stock worth $4,656,000 after acquiring an additional 54,917 shares in the last quarter.

Invesco DWA Basic Materials Momentum ETF Stock Down 2.0 %

Shares of Invesco DWA Basic Materials Momentum ETF stock opened at $78.50 on Thursday. Invesco DWA Basic Materials Momentum ETF has a 12-month low of $68.39 and a 12-month high of $93.13. The firm has a market capitalization of $149.94 million, a PE ratio of 6.55 and a beta of 1.36. The stock’s fifty day moving average is $81.98 and its 200-day moving average is $84.92.

Invesco DWA Basic Materials Momentum ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Tuesday, March 21st were issued a $0.183 dividend. This represents a $0.73 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Monday, March 20th.

About Invesco DWA Basic Materials Momentum ETF

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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.