Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ)’s share price passed 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 Performance

The stock has a market cap of $21.91 million, a P/E ratio of 24.30 and a beta of 1.16. The stock’s fifty day simple moving average is $96.09 and its 200-day simple moving average is $99.95.

Institutional Investors Weigh In On Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

Institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 2nd quarter valued at $107,000. Fifth Third Bancorp bought a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the first quarter worth $241,000. Genesee Capital Advisors LLC acquired a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the third quarter valued at about $254,000. Cetera Investment Advisers increased its holdings in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% in the 1st quarter. Cetera Investment Advisers now owns 10,287 shares of the company’s stock valued at $992,000 after buying an additional 323 shares during the period. Finally, Bank of America Corp DE increased its holdings in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% in the 1st quarter. Bank of America Corp DE now owns 25,825 shares of the company’s stock valued at $2,491,000 after buying an additional 807 shares during the period.

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.