Firestone Capital Management Acquires Shares of 33,487 Invesco Dorsey Wright Basic Materials Momentum ETF $PYZ

Firestone Capital Management purchased a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) in the 2nd quarter, Holdings Channel reports. The fund purchased 33,487 shares of the company’s stock, valued at approximately $4,214,000. Invesco Dorsey Wright Basic Materials Momentum ETF comprises approximately 0.8% of Firestone Capital Management’s portfolio, making the stock its 28th largest position. Firestone Capital Management owned 0.05% of Invesco Dorsey Wright Basic Materials Momentum ETF at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Transamerica Financial Advisors LLC increased its holdings 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 worth $13,043,000 after purchasing an additional 118,228 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 11.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 47,370 shares of the company’s stock worth $5,676,000 after buying an additional 4,778 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 1st quarter worth $2,629,000. LPL Financial LLC increased its stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 24.2% during the fourth quarter. LPL Financial LLC now owns 17,218 shares of the company’s stock valued at $1,897,000 after buying an additional 3,353 shares during the period. Finally, JNBA Financial Advisors purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the second quarter valued at $1,678,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

PYZ stock opened at $122.87 on Wednesday. Invesco Dorsey Wright Basic Materials Momentum ETF has a 1-year low of $97.09 and a 1-year high of $134.10. The business has a 50-day moving average price of $123.15 and a 200 day moving average price of $124.88. The company has a market capitalization of $74.95 million, a P/E ratio of 19.97 and a beta of 1.26.

Invesco Dorsey Wright Basic Materials Momentum ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a $0.1423 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.57 annualized dividend and a dividend yield of 0.5%.

About Invesco Dorsey Wright Basic Materials Momentum ETF

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.