Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Stock Jumps 1.3% – Here’s Why

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ)’s stock price rose 1.3% during mid-day trading on Monday. The stock traded as high as $117.20 and last traded at $116.48. 3,411 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 4,152 shares. The stock had previously closed at $114.93.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

The stock has a market capitalization of $64.51 million, a P/E ratio of 19.97 and a beta of 1.27. The stock’s 50-day simple moving average is $121.60 and its 200 day simple moving average is $123.61.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

Several large investors have recently bought and sold shares of PYZ. First PREMIER Bank bought a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the second quarter valued at about $84,000. Integrity Financial Corp WA acquired a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the second quarter worth approximately $151,000. Serenity Investment Advisors bought a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the second quarter valued at approximately $195,000. Rehmann Capital Advisory Group acquired a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the 2nd quarter valued at approximately $199,000. Finally, Alamar Capital Management LLC acquired a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the 2nd quarter valued at approximately $283,000.

About Invesco Dorsey Wright Basic Materials Momentum ETF

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.