Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Trading Down 0.9% – Time to Sell?

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was down 0.9% during mid-day trading on Tuesday . The stock traded as low as $130.91 and last traded at $130.94. Approximately 764 shares traded hands during trading, a decline of 86% from the average daily volume of 5,562 shares. The stock had previously closed at $132.14.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

The company’s 50-day simple moving average is $127.68 and its 200-day simple moving average is $122.61. The stock has a market capitalization of $104.75 million, a P/E ratio of 19.97 and a beta of 1.24.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.1193 per share. This represents a $0.48 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC boosted its position in Invesco Dorsey Wright Basic Materials Momentum ETF by 68,339.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 118,401 shares of the company’s stock worth $13,043,000 after purchasing an additional 118,228 shares during the period. Janney Montgomery Scott LLC boosted its position in Invesco Dorsey Wright Basic Materials Momentum ETF by 11.2% during the first quarter. Janney Montgomery Scott LLC now owns 47,370 shares of the company’s stock worth $5,676,000 after purchasing an additional 4,778 shares during the period. NewEdge Advisors LLC bought a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the first quarter worth $2,629,000. LPL Financial LLC boosted its position in Invesco Dorsey Wright Basic Materials Momentum ETF by 24.2% during the fourth quarter. LPL Financial LLC now owns 17,218 shares of the company’s stock worth $1,897,000 after purchasing an additional 3,353 shares during the period. Finally, Maltin Wealth Management Inc. boosted its position in Invesco Dorsey Wright Basic Materials Momentum ETF by 2.6% during the fourth quarter. Maltin Wealth Management Inc. now owns 5,508 shares of the company’s stock worth $607,000 after purchasing an additional 141 shares during the period.

About Invesco Dorsey Wright Basic Materials Momentum ETF

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.