Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Shares Climb 1.3% – Should You Buy?

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ)’s stock price was up 1.3% on Monday. The stock traded as high as $117.20 and last traded at $116.48. 3,411 shares traded hands during trading, a decline of 18% from the average session volume of 4,152 shares. The stock had previously closed at $114.93.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Performance

The company has a 50-day moving average of $121.68 and a 200-day moving average of $123.61. The firm has a market capitalization of $65.23 million, a price-to-earnings ratio of 19.97 and a beta of 1.27.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its holdings in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 1.5% in the second quarter. NewEdge Advisors LLC now owns 22,269 shares of the company’s stock valued at $2,802,000 after buying an additional 333 shares during the period. First PREMIER Bank acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the second quarter worth $84,000. Integrity Financial Corp WA acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the second quarter worth $151,000. Serenity Investment Advisors bought a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the 2nd quarter valued at $195,000. Finally, Rehmann Capital Advisory Group bought a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the 2nd quarter valued at $199,000.

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.