Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Shares Down 0.7% – Here’s Why

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ)’s stock price was down 0.7% during trading on Monday . The stock traded as low as $102.92 and last traded at $102.92. Approximately 474 shares changed hands during trading, a decline of 50% from the average daily volume of 952 shares. The stock had previously closed at $103.64.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Performance

The stock has a market capitalization of $23.43 million, a P/E ratio of 24.30 and a beta of 1.23. The business has a 50-day moving average price of $100.05 and a 200 day moving average price of $101.30.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.0985 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Trading of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PEZ. Cetera Investment Advisers raised its holdings in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 1.8% in the fourth quarter. Cetera Investment Advisers now owns 9,964 shares of the company’s stock worth $1,036,000 after buying an additional 174 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter valued at approximately $245,000. AlphaCore Capital LLC bought a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter valued at approximately $986,000. Farther Finance Advisors LLC increased its position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 2.5% during the fourth quarter. Farther Finance Advisors LLC now owns 9,276 shares of the company’s stock valued at $964,000 after acquiring an additional 225 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 4th quarter worth approximately $26,000.

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.