IMC Chicago LLC Invests $1.06 Million in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ)

IMC Chicago LLC acquired a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,416 shares of the company’s stock, valued at approximately $1,061,000. IMC Chicago LLC owned about 1.52% of Invesco Dorsey Wright Basic Materials Momentum ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Fifth Third Bancorp bought a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter worth $49,000. Scotia Capital Inc. lifted its stake in Invesco Dorsey Wright Basic Materials Momentum ETF by 3.0% in the third quarter. Scotia Capital Inc. now owns 6,177 shares of the company’s stock worth $485,000 after purchasing an additional 178 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Invesco Dorsey Wright Basic Materials Momentum ETF by 43.4% in the third quarter. Tower Research Capital LLC TRC now owns 7,046 shares of the company’s stock worth $553,000 after purchasing an additional 2,132 shares during the last quarter.

Invesco Dorsey Wright Basic Materials Momentum ETF Trading Down 0.3 %

PYZ stock opened at $87.20 on Friday. The firm’s 50-day moving average price is $89.86 and its two-hundred day moving average price is $87.29. The stock has a market capitalization of $64.53 million, a price-to-earnings ratio of 10.44 and a beta of 1.36. Invesco Dorsey Wright Basic Materials Momentum ETF has a 12-month low of $72.33 and a 12-month high of $93.83.

Invesco Dorsey Wright Basic Materials Momentum ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 24th will be issued a dividend of $0.2638 per share. This is a positive change from Invesco Dorsey Wright Basic Materials Momentum ETF’s previous quarterly dividend of $0.21. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Monday, June 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.