Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Shares Up 1.3% – Should You Buy?

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ – Get Free Report) shares traded up 1.3% during mid-day trading on Monday. The stock traded as high as $117.20 and last traded at $116.48. Approximately 3,411 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 4,152 shares. The stock had previously closed at $114.93.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Up 1.3%

The company has a market capitalization of $65.23 million, a P/E ratio of 19.97 and a beta of 1.27. The business has a fifty day moving average price of $121.68 and a 200 day moving average price of $123.61.

Institutional Investors Weigh In On Invesco Dorsey Wright Basic Materials Momentum ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. JNBA Financial Advisors acquired a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 2nd quarter worth about $1,678,000. Secure Asset Management LLC bought a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 2nd quarter valued at about $978,000. Firestone Capital Management acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the second quarter valued at about $4,214,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the second quarter valued at about $5,207,000. Finally, NewEdge Advisors LLC bought a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the first quarter worth about $2,629,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Company Profile

(Get Free Report)

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.

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