Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Trading Up 0.6% – Here’s Why

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL)’s share price traded up 0.6% on Monday . The company traded as high as $104.43 and last traded at $104.43. 1,523 shares changed hands during trading, an increase of 10% from the average session volume of 1,389 shares. The stock had previously closed at $103.77.

Invesco Dorsey Wright Consumer Staples Momentum ETF Trading Up 0.7 %

The stock’s 50-day moving average price is $107.11 and its two-hundred day moving average price is $102.16. The stock has a market capitalization of $92.53 million, a P/E ratio of 25.07 and a beta of 0.73.

Invesco Dorsey Wright Consumer Staples Momentum ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.2084 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Invesco Dorsey Wright Consumer Staples Momentum ETF

Several hedge funds have recently made changes to their positions in the company. Meridian Wealth Management LLC purchased a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 3rd quarter worth about $206,000. Sunbelt Securities Inc. boosted its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 46,775.0% during the third quarter. Sunbelt Securities Inc. now owns 1,875 shares of the company’s stock worth $191,000 after purchasing an additional 1,871 shares during the period. Maltin Wealth Management Inc. increased its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 10.6% in 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 in the last quarter. Finally, Howe & Rusling Inc. bought a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the third quarter valued at approximately $41,000.

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.