Trueblood Wealth Management LLC Makes New $326,000 Investment in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ)

Trueblood Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,845 shares of the company’s stock, valued at approximately $326,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of PYZ. IMC Chicago LLC purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the first quarter valued at approximately $1,783,000. LPL Financial LLC increased its stake in Invesco Dorsey Wright Basic Materials Momentum ETF by 52.1% during the 4th quarter. LPL Financial LLC now owns 21,217 shares of the company’s stock worth $1,841,000 after buying an additional 7,266 shares during the period. Farther Finance Advisors LLC acquired a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the 1st quarter worth approximately $282,000. Finally, Maltin Wealth Management Inc. lifted its holdings in Invesco Dorsey Wright Basic Materials Momentum ETF by 5.4% during the 1st quarter. Maltin Wealth Management Inc. now owns 5,563 shares of the company’s stock worth $472,000 after buying an additional 286 shares in the last quarter.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Down 0.9%

NASDAQ:PYZ opened at $91.46 on Thursday. Invesco Dorsey Wright Basic Materials Momentum ETF has a 52 week low of $71.72 and a 52 week high of $99.92. The company has a fifty day simple moving average of $84.48 and a two-hundred day simple moving average of $88.08. The company has a market cap of $52.13 million, a price-to-earnings ratio of 19.28 and a beta of 1.36.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.2299 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.