Envestnet Asset Management Inc. Reduces Stock Holdings in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ)

Envestnet Asset Management Inc. cut its holdings in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,981 shares of the company’s stock after selling 972 shares during the quarter. Envestnet Asset Management Inc. owned about 1.55% of Invesco Dorsey Wright Basic Materials Momentum ETF worth $779,000 at the end of the most recent reporting period.

Separately, LPL Financial LLC increased its position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 52.1% in the 4th quarter. LPL Financial LLC now owns 21,217 shares of the company’s stock valued at $1,841,000 after acquiring an additional 7,266 shares during the period.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

Shares of PYZ stock opened at $83.98 on Friday. The business has a fifty day moving average of $83.24 and a 200 day moving average of $89.57. Invesco Dorsey Wright Basic Materials Momentum ETF has a 1 year low of $71.72 and a 1 year high of $99.92. The firm has a market capitalization of $47.87 million, a price-to-earnings ratio of 18.68 and a beta of 1.36.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.2299 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Invesco Dorsey Wright Basic Materials Momentum ETF Company 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.