NewEdge Advisors LLC Takes $2.63 Million Position in Invesco Dorsey Wright Basic Materials Momentum ETF $PYZ

NewEdge Advisors LLC bought a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 21,936 shares of the company’s stock, valued at approximately $2,629,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Transamerica Financial Advisors LLC boosted its holdings in Invesco Dorsey Wright Basic Materials Momentum ETF by 68,339.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 118,401 shares of the company’s stock valued at $13,043,000 after acquiring an additional 118,228 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 11.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 47,370 shares of the company’s stock worth $5,676,000 after buying an additional 4,778 shares in the last quarter. LPL Financial LLC grew its position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 24.2% during the 4th quarter. LPL Financial LLC now owns 17,218 shares of the company’s stock worth $1,897,000 after buying an additional 3,353 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 3rd quarter worth approximately $547,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter worth approximately $437,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Trading Down 0.6%

PYZ opened at $126.58 on Friday. Invesco Dorsey Wright Basic Materials Momentum ETF has a 1-year low of $97.09 and a 1-year high of $134.10. The company has a market cap of $77.21 million, a P/E ratio of 19.97 and a beta of 1.26. The company has a fifty day moving average price of $124.18 and a two-hundred day moving average price of $125.11.

Invesco Dorsey Wright Basic Materials Momentum ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.1423 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.57 annualized dividend and a dividend yield of 0.4%.

Invesco Dorsey Wright Basic Materials Momentum ETF 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.