Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Stock Price Down 0.2% – Here’s What Happened

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ)’s stock price dropped 0.2% during trading on Tuesday . The company traded as low as $101.16 and last traded at $99.45. Approximately 49 shares changed hands during trading, a decline of 94% from the average daily volume of 768 shares. The stock had previously closed at $99.61.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Price Performance

The business has a 50 day simple moving average of $98.92 and a 200 day simple moving average of $101.58. The company has a market capitalization of $22.87 million, a price-to-earnings ratio of 24.30 and a beta of 1.16.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.0985 per share. This represents a $0.39 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, March 23rd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the fourth quarter valued at $26,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the second quarter valued at $81,000. Jones Financial Companies Lllp acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the first quarter valued at $149,000. Goldman Sachs Group Inc. acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the fourth quarter valued at $245,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the first quarter valued at $241,000.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Company Profile

PowerShares Dynamic Consumer Discretionary Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Consumer Discretionary Sector Intellidex Index (the Index). The Fund will normally invest at least 80% of its total assets in common stocks of consumer companies. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index consists of stocks of 60 United States consumer companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including retail, automotive, leisure and recreation, media and real estate.