Private Advisor Group LLC Takes Position in Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL)

Private Advisor Group LLC acquired a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,546 shares of the company’s stock, valued at approximately $276,000. Private Advisor Group LLC owned 0.30% of Invesco Dorsey Wright Consumer Staples Momentum ETF at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC acquired a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF during the 1st quarter worth about $585,000. LPL Financial LLC boosted its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 21.6% during the 4th quarter. LPL Financial LLC now owns 27,379 shares of the company’s stock valued at $2,873,000 after purchasing an additional 4,857 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF during the fourth quarter worth approximately $428,000. Raymond James Financial Inc. acquired a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF during the fourth quarter worth approximately $373,000. Finally, Benjamin Edwards Inc. bought a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the fourth quarter worth approximately $247,000.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Performance

Shares of PSL opened at $108.36 on Friday. The firm has a market cap of $98.61 million, a PE ratio of 18.50 and a beta of 0.73. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 52-week low of $95.17 and a 52-week high of $114.45. The business’s 50 day moving average price is $109.88 and its two-hundred day moving average price is $109.12.

Invesco Dorsey Wright Consumer Staples Momentum ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were given a dividend of $0.2756 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, June 23rd. This is a boost from Invesco Dorsey Wright Consumer Staples Momentum ETF’s previous quarterly dividend of $0.10.

About Invesco Dorsey Wright Consumer Staples Momentum ETF

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.