Farther Finance Advisors LLC Purchases New Position in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ)

Farther Finance Advisors LLC purchased a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,325 shares of the company’s stock, valued at approximately $282,000. Farther Finance Advisors LLC owned approximately 0.58% of Invesco Dorsey Wright Basic Materials Momentum ETF as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. LPL Financial LLC grew its position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 52.1% during 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. IMC Chicago LLC bought a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 1st quarter valued at about $1,783,000. Finally, Maltin Wealth Management Inc. boosted its holdings in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 5.4% during the 1st quarter. Maltin Wealth Management Inc. now owns 5,563 shares of the company’s stock valued at $472,000 after purchasing an additional 286 shares during the last quarter.

Invesco Dorsey Wright Basic Materials Momentum ETF Trading Down 0.5%

Shares of NASDAQ PYZ opened at $91.89 on Wednesday. The firm’s 50-day moving average price is $85.83 and its 200-day moving average price is $87.81. The stock has a market capitalization of $52.38 million, a price-to-earnings ratio of 19.28 and a beta of 1.36. Invesco Dorsey Wright Basic Materials Momentum ETF has a 12-month low of $71.72 and a 12-month high of $99.92.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

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

About Invesco Dorsey Wright Basic Materials Momentum ETF

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.