Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Stock Price Down 0.2% – Here’s Why

Shares of Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) were down 0.2% on Monday . The stock traded as low as $109.65 and last traded at $110.11. Approximately 1,051 shares changed hands during trading, a decline of 48% from the average daily volume of 2,038 shares. The stock had previously closed at $110.32.

Invesco Dorsey Wright Consumer Staples Momentum ETF Trading Up 2.5%

The firm has a fifty day simple moving average of $110.17 and a two-hundred day simple moving average of $107.96. The firm has a market cap of $92.74 million, a PE ratio of 18.50 and a beta of 0.64.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.2082 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.83 annualized dividend and a yield of 0.7%.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE purchased a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 3rd quarter worth approximately $25,000. Kestra Advisory Services LLC purchased a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 4th quarter worth approximately $44,000. Capital Analysts LLC lifted its holdings in Invesco Dorsey Wright Consumer Staples Momentum ETF by 32.8% in the 4th quarter. Capital Analysts LLC now owns 685 shares of the company’s stock worth $69,000 after buying an additional 169 shares during the period. Sound Income Strategies LLC purchased a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 4th quarter worth approximately $101,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 1st quarter worth approximately $230,000.

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. 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 staples companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.