Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Stock Price Up 0.6% – Should You Buy?

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ)’s stock price traded up 0.6% during trading on Monday. The stock traded as high as $98.76 and last traded at $98.6450. Approximately 457 shares traded hands during trading, a decline of 34% from the average session volume of 693 shares. The stock had previously closed at $98.02.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Performance

The company has a market cap of $21.70 million, a price-to-earnings ratio of 24.30 and a beta of 1.16. The stock’s fifty day moving average is $96.12 and its two-hundred day moving average is $100.15.

Institutional Trading of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp bought a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the first quarter valued at approximately $241,000. Cetera Investment Advisers boosted its position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% during the first quarter. Cetera Investment Advisers now owns 10,287 shares of the company’s stock valued at $992,000 after buying an additional 323 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% during the first quarter. Bank of America Corp DE now owns 25,825 shares of the company’s stock valued at $2,491,000 after buying an additional 807 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the second quarter valued at approximately $107,000. Finally, Genesee Capital Advisors LLC bought a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the third quarter worth $254,000.

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.