Sunbelt Securities Inc. Increases Stock Position in Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL)

Sunbelt Securities Inc. grew its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) by 46,775.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,875 shares of the company’s stock after purchasing an additional 1,871 shares during the quarter. Sunbelt Securities Inc. owned approximately 0.22% of Invesco Dorsey Wright Consumer Staples Momentum ETF worth $191,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. New Millennium Group LLC purchased a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 2nd quarter valued at $27,000. Howe & Rusling Inc. acquired a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the third quarter valued at approximately $41,000. Meridian Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF during the third quarter worth approximately $206,000. Maltin Wealth Management Inc. lifted its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 10.6% during the third quarter. Maltin Wealth Management Inc. now owns 6,250 shares of the company’s stock worth $636,000 after purchasing an additional 597 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 1.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 19,593 shares of the company’s stock valued at $1,905,000 after buying an additional 264 shares during the period.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Performance

Shares of Invesco Dorsey Wright Consumer Staples Momentum ETF stock opened at $109.86 on Friday. Invesco Dorsey Wright Consumer Staples Momentum ETF has a one year low of $89.09 and a one year high of $110.81. The company has a market cap of $95.58 million, a P/E ratio of 25.07 and a beta of 0.73. The firm has a fifty day moving average of $105.31 and a two-hundred day moving average of $100.76.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.101 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.40 annualized dividend and a yield of 0.37%.

About Invesco Dorsey Wright Consumer Staples Momentum ETF

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.