Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Trading Down 0.2% – Time to Sell?

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL)’s stock price fell 0.2% during mid-day trading on Monday . The company traded as low as $109.65 and last traded at $110.11. 1,051 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 2,038 shares. The stock had previously closed at $110.32.

Invesco Dorsey Wright Consumer Staples Momentum ETF Price Performance

The company has a 50 day moving average price of $110.11 and a 200 day moving average price of $107.88. The firm has a market cap of $90.29 million, a PE ratio of 18.50 and a beta of 0.64.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.2082 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.83 dividend on an annualized basis and a yield of 0.8%.

Institutional Trading of Invesco Dorsey Wright Consumer Staples Momentum ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PSL. Osaic Holdings Inc. increased its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 29.4% during the second quarter. Osaic Holdings Inc. now owns 5,283 shares of the company’s stock worth $583,000 after acquiring an additional 1,200 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 60.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,071 shares of the company’s stock worth $335,000 after buying an additional 1,157 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 94.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 8,543 shares of the company’s stock valued at $939,000 after buying an additional 4,154 shares during the period. US Bancorp DE acquired a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the 3rd quarter valued at approximately $25,000. Finally, UBS Group AG boosted its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 32.9% in the third quarter. UBS Group AG now owns 13,273 shares of the company’s stock valued at $1,459,000 after buying an additional 3,285 shares in the last quarter.

Invesco Dorsey Wright Consumer Staples Momentum ETF Company Profile

PowerShares Dynamic Consumer Staples Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Consumer Staples Sector Intellidex Index (the Index). The Fund will normally invest at least 80% of its total assets in common stocks of consumer staples 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 staples companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.