Invesco Dorsey Wright Basic Materials Momentum ETF $PYZ Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. decreased its position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) by 70.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,153 shares of the company’s stock after selling 38,015 shares during the quarter. Goldman Sachs Group Inc. owned 2.83% of Invesco Dorsey Wright Basic Materials Momentum ETF worth $1,369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IMC Chicago LLC purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 1st quarter valued at approximately $1,783,000. Trueblood Wealth Management LLC purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 1st quarter valued at approximately $326,000. Farther Finance Advisors LLC purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 1st quarter valued at approximately $282,000. Maltin Wealth Management Inc. lifted its holdings in 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 purchasing an additional 286 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Invesco Dorsey Wright Basic Materials Momentum ETF by 2.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,665 shares of the company’s stock valued at $650,000 after purchasing an additional 149 shares in the last quarter.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Performance

Shares of PYZ stock opened at $106.62 on Friday. The stock’s fifty day moving average is $101.43 and its two-hundred day moving average is $91.93. The firm has a market capitalization of $56.51 million, a P/E ratio of 19.97 and a beta of 1.36. Invesco Dorsey Wright Basic Materials Momentum ETF has a fifty-two week low of $71.72 and a fifty-two week high of $106.48.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

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

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.