Secure Asset Management LLC Takes Position in Invesco Dorsey Wright Basic Materials Momentum ETF $PYZ

Secure Asset Management LLC bought a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) during the 2nd quarter, Holdings Channel.com reports. The firm bought 7,773 shares of the company’s stock, valued at approximately $978,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PYZ. Raymond James Financial Inc. purchased a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the 2nd quarter worth $34,000. Kestra Advisory Services LLC purchased a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter valued at about $74,000. First PREMIER Bank purchased a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the second quarter valued at about $84,000. Rehmann Capital Advisory Group purchased a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the second quarter valued at about $199,000. Finally, Arax Advisory Partners acquired a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the fourth quarter worth about $306,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

Shares of PYZ opened at $122.87 on Wednesday. Invesco Dorsey Wright Basic Materials Momentum ETF has a 12 month low of $97.09 and a 12 month high of $134.10. The stock’s 50-day moving average is $123.15 and its two-hundred day moving average is $124.88. The stock has a market cap of $74.95 million, a PE ratio of 19.97 and a beta of 1.26.

Invesco Dorsey Wright Basic Materials Momentum ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.1423 per share. This represents a $0.57 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, June 22nd.

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.