Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Share Price Breaks Above Two Hundred Day Moving Average – Here’s Why

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ)’s stock price passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $100.00 and traded as high as $100.36. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF shares last traded at $100.2740, with a volume of 657 shares traded.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Performance

The firm has a fifty day simple moving average of $96.05 and a 200 day simple moving average of $100.00. The company has a market cap of $22.06 million, a PE ratio of 24.30 and a beta of 1.16.

Hedge Funds Weigh In On Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

Several institutional investors and hedge funds have recently bought and sold shares of PEZ. Cetera Investment Advisers increased its holdings in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% during the 1st quarter. Cetera Investment Advisers now owns 10,287 shares of the company’s stock worth $992,000 after buying an additional 323 shares during the last quarter. Bank of America Corp DE grew its position in 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 acquiring an additional 807 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the second quarter valued at about $107,000. Fifth Third Bancorp purchased a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the first quarter valued at about $241,000. Finally, Genesee Capital Advisors LLC acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the third quarter worth about $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.