Invesco DWA Basic Materials Momentum ETF (NASDAQ:PYZ) Trading Down 2%

Shares of Invesco DWA Basic Materials Momentum ETF (NASDAQ:PYZ – Get Rating) traded down 2% during mid-day trading on Wednesday . The stock traded as low as $78.23 and last traded at $78.50. 7,634 shares were traded during trading, a decline of 32% from the average session volume of 11,189 shares. The stock had previously closed at $80.10.

Invesco DWA Basic Materials Momentum ETF Price Performance

The company’s 50-day simple moving average is $80.56 and its 200-day simple moving average is $83.71. The stock has a market capitalization of $150.01 million, a price-to-earnings ratio of 6.55 and a beta of 1.36.

Invesco DWA Basic Materials Momentum ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Tuesday, March 21st were given a dividend of $0.183 per share. This represents a $0.73 annualized dividend and a yield of 0.93%. The ex-dividend date was Monday, March 20th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. EPG Wealth Management LLC bought a new position in Invesco DWA Basic Materials Momentum ETF during the 3rd quarter worth $26,000. Captrust Financial Advisors acquired a new position in shares of Invesco DWA Basic Materials Momentum ETF during the 1st quarter worth approximately $45,000. Ameritas Advisory Services LLC acquired a new position in shares of Invesco DWA Basic Materials Momentum ETF during the 1st quarter worth approximately $59,000. Horizon Bancorp Inc. IN acquired a new position in shares of Invesco DWA Basic Materials Momentum ETF during the 4th quarter worth approximately $86,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Invesco DWA Basic Materials Momentum ETF during the 1st quarter worth approximately $120,000.

Invesco DWA Basic Materials Momentum ETF Company Profile

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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.