Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Stock Price Down 0.2%

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) traded down 0.2% on Monday . The stock traded as low as $95.19 and last traded at $95.84. 2,451 shares were traded during trading, a decline of 4% from the average session volume of 2,562 shares. The stock had previously closed at $96.04.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Performance

The business has a 50-day simple moving average of $89.83 and a 200-day simple moving average of $89.90. The company has a market cap of $65.17 million, a price-to-earnings ratio of 10.44 and a beta of 1.36.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.00 annualized dividend and a yield of 1.04%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Truist Financial Corp raised its holdings in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 2.5% in the 2nd quarter. Truist Financial Corp now owns 26,591 shares of the company’s stock valued at $2,325,000 after purchasing an additional 646 shares in the last quarter. Maltin Wealth Management Inc. grew its stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 4.3% during the second quarter. Maltin Wealth Management Inc. now owns 5,250 shares of the company’s stock worth $459,000 after purchasing an additional 216 shares in the last quarter. Finally, IMC Chicago LLC purchased a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the first quarter valued at $1,061,000.

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.