Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Stock Falls 0.4% – What’s Next?

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL)’s share price was down 0.4% on Friday. The company traded as low as $113.37 and last traded at $113.5940. Approximately 322 shares changed hands during trading, a decline of 81% from the average session volume of 1,728 shares. The stock had previously closed at $114.10.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Performance

The firm has a market cap of $80.65 million, a P/E ratio of 18.50 and a beta of 0.65. The firm has a fifty day moving average of $111.44 and a 200-day moving average of $111.73.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were paid a dividend of $0.1652 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, September 21st. This is a decrease from Invesco Dorsey Wright Consumer Staples Momentum ETF’s previous quarterly dividend of $0.1933.

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

A number of hedge funds have recently added to or reduced their stakes in PSL. IMC Chicago LLC lifted its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 71.3% during the first quarter. IMC Chicago LLC now owns 72,244 shares of the company’s stock valued at $7,842,000 after buying an additional 30,081 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the third quarter worth approximately $1,557,000. Commonwealth Equity Services LLC purchased a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the third quarter worth approximately $619,000. Sigma Planning Corp acquired a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF during the third quarter valued at approximately $339,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF during the first quarter valued at approximately $230,000.

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.