Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $91.89 and traded as high as $97.84. Invesco Dorsey Wright Basic Materials Momentum ETF shares last traded at $97.01, with a volume of 1,515 shares traded.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Down 1.0 %

The firm has a market cap of $61.12 million, a price-to-earnings ratio of 10.44 and a beta of 1.36. The company’s 50-day moving average price is $96.19 and its 200-day moving average price is $91.89.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, September 23rd. This represents a $1.00 annualized dividend and a dividend yield of 1.03%.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

An institutional investor recently raised its position in Invesco Dorsey Wright Basic Materials Momentum ETF stock. Maltin Wealth Management Inc. boosted its position in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,250 shares of the company’s stock after acquiring an additional 216 shares during the quarter. Maltin Wealth Management Inc. owned 0.76% of Invesco Dorsey Wright Basic Materials Momentum ETF worth $459,000 at the end of the most recent quarter.

Invesco Dorsey Wright Basic Materials Momentum ETF Company 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.