Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Stock Price Down 0.9% – Should You Sell?

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) shares fell 0.9% on Monday . The company traded as low as $126.52 and last traded at $127.19. 216,700 shares changed hands during trading, an increase of 3,061% from the average session volume of 6,855 shares. The stock had previously closed at $128.33.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Down 0.9%

The firm has a market capitalization of $101.75 million, a price-to-earnings ratio of 19.97 and a beta of 1.25. The company has a 50-day moving average price of $123.42 and a 200-day moving average price of $117.32.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PYZ. Janney Montgomery Scott LLC raised its stake in shares of 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 valued at $5,676,000 after purchasing an additional 4,778 shares in the last quarter. Advisory Services Network LLC bought a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter valued at about $437,000. Arax Advisory Partners bought a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter valued at about $306,000. Kestra Advisory Services LLC acquired a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter valued at about $74,000. Finally, Transamerica Financial Advisors LLC increased its stake in Invesco Dorsey Wright Basic Materials Momentum ETF by 68,339.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 118,401 shares of the company’s stock valued at $13,043,000 after buying an additional 118,228 shares during the period.

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.