Secure Asset Management LLC Purchases Shares of 7,773 Invesco Dorsey Wright Basic Materials Momentum ETF $PYZ

Secure Asset Management LLC acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,773 shares of the company’s stock, valued at approximately $978,000. Secure Asset Management LLC owned 1.27% of Invesco Dorsey Wright Basic Materials Momentum ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PYZ. Raymond James Financial Inc. purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 2nd quarter worth $34,000. First PREMIER Bank purchased a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the second quarter valued at about $84,000. Kestra Advisory Services LLC purchased a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the fourth quarter valued at about $74,000. Rehmann Capital Advisory Group acquired a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the second quarter worth about $199,000. Finally, Arax Advisory Partners acquired a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the fourth quarter worth about $306,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

Invesco Dorsey Wright Basic Materials Momentum ETF stock opened at $122.87 on Wednesday. The stock’s 50-day moving average is $123.15 and its 200-day moving average is $124.88. The company has a market cap of $74.95 million, a price-to-earnings ratio of 19.97 and a beta of 1.26. Invesco Dorsey Wright Basic Materials Momentum ETF has a 12 month low of $97.09 and a 12 month high of $134.10.

Invesco Dorsey Wright Basic Materials Momentum ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.1423 per share. This represents a $0.57 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

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.