Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ) to Issue Quarterly Dividend of $0.12 on March 27th

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) announced a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Investors of record on Monday, March 23rd will be given a dividend of 0.1193 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, March 23rd.

Invesco Dorsey Wright Basic Materials Momentum ETF Trading Up 2.7%

PYZ opened at $115.55 on Wednesday. The stock’s fifty day simple moving average is $125.45 and its 200 day simple moving average is $114.11. Invesco Dorsey Wright Basic Materials Momentum ETF has a 1-year low of $71.72 and a 1-year high of $133.75. The stock has a market cap of $86.66 million, a PE ratio of 19.97 and a beta of 1.33.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

Several hedge funds and other institutional investors have recently modified their holdings of PYZ. Darwin Wealth Management LLC bought a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter valued at about $31,000. Sound Income Strategies LLC bought a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the fourth quarter worth approximately $33,000. Raymond James Financial Inc. acquired a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the second quarter valued at approximately $34,000. Kestra Advisory Services LLC bought a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the fourth quarter worth approximately $74,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the fourth quarter worth approximately $79,000.

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.