LPL Financial LLC Sells 1,693 Shares of Invesco Dorsey Wright Basic Materials Momentum ETF $PYZ

LPL Financial LLC lowered its stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) by 8.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,524 shares of the company’s stock after selling 1,693 shares during the quarter. LPL Financial LLC owned about 3.49% of Invesco Dorsey Wright Basic Materials Momentum ETF worth $1,655,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PYZ. Farther Finance Advisors LLC acquired a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the 1st quarter worth about $282,000. Trueblood Wealth Management LLC acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 1st quarter valued at approximately $326,000. Maltin Wealth Management Inc. raised its position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 5.4% in the 1st quarter. Maltin Wealth Management Inc. now owns 5,563 shares of the company’s stock valued at $472,000 after acquiring an additional 286 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Invesco Dorsey Wright Basic Materials Momentum ETF by 2.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,665 shares of the company’s stock worth $650,000 after purchasing an additional 149 shares in the last quarter. Finally, IMC Chicago LLC bought a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the 1st quarter worth approximately $1,783,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Up 0.4%

Shares of PYZ opened at $100.14 on Friday. The stock has a market capitalization of $53.07 million, a P/E ratio of 19.97 and a beta of 1.36. Invesco Dorsey Wright Basic Materials Momentum ETF has a twelve month low of $71.72 and a twelve month high of $103.13. The company has a 50 day moving average of $97.08 and a 200-day moving average of $89.92.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were issued a $0.2274 dividend. This represents a $0.91 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, June 23rd.

Invesco Dorsey Wright 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.