NewEdge Advisors LLC Makes New Investment in Invesco Dorsey Wright Basic Materials Momentum ETF $PYZ

NewEdge Advisors LLC bought a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 21,936 shares of the company’s stock, valued at approximately $2,629,000. NewEdge Advisors LLC owned approximately 2.74% of Invesco Dorsey Wright Basic Materials Momentum ETF as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 2nd quarter worth $34,000. Kestra Advisory Services LLC acquired a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the fourth quarter worth about $74,000. Laurel Wealth Advisors LLC acquired a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the fourth quarter worth about $79,000. Arax Advisory Partners bought a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter worth about $306,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter valued at approximately $437,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Trading Down 0.6%

PYZ opened at $126.58 on Friday. The company has a market cap of $77.21 million, a P/E ratio of 19.97 and a beta of 1.26. The company’s 50 day moving average is $124.18 and its 200-day moving average is $125.11. Invesco Dorsey Wright Basic Materials Momentum ETF has a 1-year low of $97.09 and a 1-year high of $134.10.

Invesco Dorsey Wright Basic Materials Momentum ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.1423 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.57 dividend on an annualized basis and a yield of 0.4%.

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.