Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $91.89 and traded as high as $97.84. Invesco Dorsey Wright Basic Materials Momentum ETF shares last traded at $97.01, with a volume of 1,515 shares traded.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

The company has a market cap of $61.12 million, a PE ratio of 10.44 and a beta of 1.36. The company’s 50 day simple moving average is $96.19 and its two-hundred day simple moving average is $91.89.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.03%. The ex-dividend date was Monday, September 23rd.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Invesco Dorsey Wright Basic Materials Momentum ETF stock. Truist Financial Corp lifted its holdings in shares of Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) by 2.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,591 shares of the company’s stock after purchasing an additional 646 shares during the quarter. Truist Financial Corp owned about 3.91% of Invesco Dorsey Wright Basic Materials Momentum ETF worth $2,325,000 as of its most recent filing with the SEC.

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.