Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Stock Price Down 0.9% – Should You Sell?

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ)’s share price dropped 0.9% during trading on Monday . The stock traded as low as $126.52 and last traded at $127.19. Approximately 216,700 shares changed hands during mid-day trading, an increase of 3,061% from the average daily volume of 6,855 shares. The stock had previously closed at $128.33.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

The firm has a market cap of $101.75 million, a PE ratio of 19.97 and a beta of 1.25. The business has a fifty day moving average price of $123.42 and a two-hundred day moving average price of $117.32.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.1193 per share. This represents a $0.48 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

A number of hedge funds have recently made changes to their positions in PYZ. Maltin Wealth Management Inc. boosted its holdings in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 2.6% during the fourth quarter. Maltin Wealth Management Inc. now owns 5,508 shares of the company’s stock worth $607,000 after purchasing an additional 141 shares during the period. Trueblood Wealth Management LLC lifted its position in Invesco Dorsey Wright Basic Materials Momentum ETF by 3.9% in the 4th quarter. Trueblood Wealth Management LLC now owns 4,299 shares of the company’s stock worth $474,000 after buying an additional 163 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter valued at $31,000. Sound Income Strategies LLC acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter valued at $33,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 2nd quarter valued at $34,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Company 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.