Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $114.00 and traded as low as $109.78. Invesco Dorsey Wright Consumer Staples Momentum ETF shares last traded at $109.72, with a volume of 1,435 shares traded.

Invesco Dorsey Wright Consumer Staples Momentum ETF Trading Down 0.5%

The stock’s 50 day moving average is $113.92 and its 200 day moving average is $111.81. The stock has a market capitalization of $78.79 million, a price-to-earnings ratio of 18.50 and a beta of 0.64.

Institutional Trading of Invesco Dorsey Wright Consumer Staples Momentum ETF

Several large investors have recently modified their holdings of the business. Compass Financial Management LLC acquired a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the 2nd quarter valued at $30,000. IMC Chicago LLC raised its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 71.3% in the 1st quarter. IMC Chicago LLC now owns 72,244 shares of the company’s stock worth $7,842,000 after buying an additional 30,081 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the 1st quarter worth $230,000. Finally, Maltin Wealth Management Inc. boosted its holdings in Invesco Dorsey Wright Consumer Staples Momentum ETF by 82.1% in the first quarter. Maltin Wealth Management Inc. now owns 13,205 shares of the company’s stock valued at $1,433,000 after acquiring an additional 5,954 shares during the last quarter.

About Invesco Dorsey Wright Consumer Staples Momentum ETF

PowerShares Dynamic Consumer Staples Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Consumer Staples Sector Intellidex Index (the Index). The Fund will normally invest at least 80% of its total assets in common stocks of consumer staples companies. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index consists of stocks of 60 United States consumer staples companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.