Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Share Price Breaks Above Two Hundred Day Moving Average – Here’s Why

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ)’s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $100.00 and traded as high as $100.36. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF shares last traded at $100.2740, with a volume of 657 shares.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Up 2.5%

The company has a market capitalization of $22.06 million, a price-to-earnings ratio of 24.30 and a beta of 1.16. The stock has a fifty day moving average price of $96.05 and a two-hundred day moving average price of $100.00.

Institutional Trading of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Genesee Capital Advisors LLC purchased a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 3rd quarter worth approximately $254,000. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 2nd quarter worth $107,000. Bank of America Corp DE lifted its stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% during the 1st quarter. Bank of America Corp DE now owns 25,825 shares of the company’s stock worth $2,491,000 after purchasing an additional 807 shares during the period. Cetera Investment Advisers lifted its stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% during the 1st quarter. Cetera Investment Advisers now owns 10,287 shares of the company’s stock worth $992,000 after purchasing an additional 323 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the first quarter worth $241,000.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Company Profile

PowerShares Dynamic Consumer Discretionary Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Consumer Discretionary Sector Intellidex Index (the Index). The Fund will normally invest at least 80% of its total assets in common stocks of consumer companies. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index consists of stocks of 60 United States consumer companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including retail, automotive, leisure and recreation, media and real estate.