International Assets Investment Management LLC Invests $276,000 in Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL)

International Assets Investment Management LLC acquired a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,020 shares of the company’s stock, valued at approximately $276,000. International Assets Investment Management LLC owned 0.33% of Invesco Dorsey Wright Consumer Staples Momentum ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 236.6% during the third quarter. PNC Financial Services Group Inc. now owns 313 shares of the company’s stock valued at $26,000 after buying an additional 220 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 3.1% in the third quarter. B. Riley Wealth Advisors Inc. now owns 5,172 shares of the company’s stock worth $432,000 after buying an additional 156 shares in the last quarter. Avantax Advisory Services Inc. purchased a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the third quarter worth about $574,000. Finally, Sigma Planning Corp lifted its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 40.0% in the third quarter. Sigma Planning Corp now owns 37,451 shares of the company’s stock worth $3,125,000 after buying an additional 10,703 shares in the last quarter.

Invesco Dorsey Wright Consumer Staples Momentum ETF Price Performance

Shares of PSL stock opened at $94.95 on Friday. The company has a market capitalization of $83.56 million, a PE ratio of 23.90 and a beta of 0.71. The firm’s 50-day moving average is $95.26 and its two-hundred day moving average is $90.06. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 12 month low of $78.66 and a 12 month high of $98.16.

Invesco Dorsey Wright Consumer Staples Momentum ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were issued a $0.1839 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.74 annualized dividend and a yield of 0.77%.

Invesco Dorsey Wright Consumer Staples Momentum ETF 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.