Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Shares Up 0.4% – Here’s What Happened

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ)’s stock price shot up 0.4% during mid-day trading on Tuesday . The company traded as high as $107.47 and last traded at $107.4290. 701 shares were traded during mid-day trading, a decline of 72% from the average session volume of 2,485 shares. The stock had previously closed at $107.05.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

The business’s 50 day moving average price is $106.24 and its 200-day moving average price is $96.69. The company has a market cap of $55.86 million, a P/E ratio of 19.97 and a beta of 1.33.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a $0.1782 dividend. This represents a $0.71 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 22nd.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the 2nd quarter worth $34,000. Trueblood Wealth Management LLC grew its holdings in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 7.4% in the 2nd quarter. Trueblood Wealth Management LLC now owns 4,130 shares of the company’s stock valued at $384,000 after buying an additional 285 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of 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 buying an additional 149 shares during the period. Finally, Laurel Wealth Advisors LLC grew its holdings in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 9,182.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 66,464 shares of the company’s stock valued at $6,174,000 after buying an additional 65,748 shares during the period.

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.