Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Shares Up 1.7% – Time to Buy?

Shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) traded up 1.7% on Monday . The stock traded as high as $103.94 and last traded at $103.94. 501 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 773 shares. The stock had previously closed at $102.22.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Trading Up 1.7%

The firm has a market capitalization of $22.87 million, a price-to-earnings ratio of 24.30 and a beta of 1.15. The stock has a fifty day moving average price of $101.31 and a 200-day moving average price of $101.13.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.1511 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, June 22nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 4th quarter valued at $26,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 2nd quarter worth about $81,000. Jones Financial Companies Lllp bought a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 1st quarter valued at about $149,000. Fifth Third Bancorp bought a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 1st quarter valued at about $241,000. Finally, Goldman Sachs Group Inc. acquired a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the fourth quarter valued at about $245,000.

About Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

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.