Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Shares Up 0.2% – Time to Buy?

Shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) traded up 0.2% during mid-day trading on Monday. The company traded as high as $94.20 and last traded at $94.1390. 185 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 730 shares. The stock had previously closed at $93.99.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Trading Up 0.2%

The firm has a market capitalization of $24.48 million, a PE ratio of 24.30 and a beta of 1.16. The firm’s fifty day moving average price is $97.81 and its 200 day moving average price is $99.01.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 2nd quarter valued at about $107,000. Fifth Third Bancorp acquired a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the first quarter worth approximately $241,000. Cetera Investment Advisers increased its holdings in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% in the first quarter. Cetera Investment Advisers now owns 10,287 shares of the company’s stock worth $992,000 after buying an additional 323 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% during the first quarter. Bank of America Corp DE now owns 25,825 shares of the company’s stock valued at $2,491,000 after acquiring an additional 807 shares in the last quarter.

About Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

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.