Invesco DWA Basic Materials Momentum ETF (NASDAQ:PYZ) Stake Increased by LPL Financial LLC

LPL Financial LLC lifted its position in Invesco DWA Basic Materials Momentum ETF (NASDAQ:PYZ) by 87.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,587 shares of the company’s stock after acquiring an additional 39,986 shares during the quarter. LPL Financial LLC owned 4.48% of Invesco DWA Basic Materials Momentum ETF worth $7,276,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors purchased a new stake in Invesco DWA Basic Materials Momentum ETF during the first quarter valued at about $45,000. Ameritas Advisory Services LLC acquired a new position in Invesco DWA Basic Materials Momentum ETF in the 1st quarter valued at $59,000. Horizon Bancorp Inc. IN bought a new position in Invesco DWA Basic Materials Momentum ETF in the 4th quarter worth approximately $86,000. EP Wealth Advisors LLC bought a new stake in shares of Invesco DWA Basic Materials Momentum ETF in the first quarter valued at approximately $120,000. Finally, GPS Wealth Strategies Group LLC acquired a new stake in Invesco DWA Basic Materials Momentum ETF during the first quarter worth about $127,000.

Invesco DWA Basic Materials Momentum ETF Stock Up 1.9 %

Invesco DWA Basic Materials Momentum ETF stock opened at $85.07 on Wednesday. Invesco DWA Basic Materials Momentum ETF has a 12 month low of $68.91 and a 12 month high of $93.13. The stock has a market cap of $153.13 million, a price-to-earnings ratio of 6.55 and a beta of 1.36. The business has a 50 day moving average price of $85.39 and a two-hundred day moving average price of $82.86.

Invesco DWA Basic Materials Momentum ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Wednesday, June 21st were paid a dividend of $0.2133 per share. The ex-dividend date was Tuesday, June 20th. This represents a $0.85 dividend on an annualized basis and a yield of 1.00%.

Invesco DWA Basic Materials Momentum ETF Profile

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.