JNBA Financial Advisors Takes $1.68 Million Position in Invesco Dorsey Wright Basic Materials Momentum ETF $PYZ

JNBA Financial Advisors purchased a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,332 shares of the company’s stock, valued at approximately $1,678,000.

Several other hedge funds have also recently bought and sold shares of PYZ. Raymond James Financial Inc. acquired a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the 2nd quarter worth about $34,000. Kestra Advisory Services LLC acquired a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter valued at about $74,000. Arax Advisory Partners acquired a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter valued at about $306,000. Advisory Services Network LLC purchased a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter worth approximately $437,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the third quarter worth approximately $547,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Performance

PYZ stock opened at $124.36 on Monday. The stock has a market cap of $75.86 million, a P/E ratio of 19.97 and a beta of 1.26. The firm has a 50 day simple moving average of $123.32 and a 200 day simple moving average of $125.00. Invesco Dorsey Wright Basic Materials Momentum ETF has a 52 week low of $97.09 and a 52 week high of $134.10.

Invesco Dorsey Wright Basic Materials Momentum ETF Dividend Announcement

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 0.5%.

Invesco Dorsey Wright Basic Materials Momentum ETF 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.