Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $111.24 and traded as high as $114.74. Invesco Dorsey Wright Consumer Staples Momentum ETF shares last traded at $114.35, with a volume of 729 shares trading hands.

Invesco Dorsey Wright Consumer Staples Momentum ETF Trading Down 0.3%

The stock’s 50-day moving average is $111.24 and its 200-day moving average is $109.39. The company has a market cap of $84.62 million, a price-to-earnings ratio of 18.50 and a beta of 0.64.

Invesco Dorsey Wright Consumer Staples Momentum ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.1933 dividend. This represents a $0.77 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd.

Hedge Funds Weigh In On Invesco Dorsey Wright Consumer Staples Momentum ETF

Several institutional investors have recently made changes to their positions in PSL. IMC Chicago LLC boosted its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 71.3% during the 1st quarter. IMC Chicago LLC now owns 72,244 shares of the company’s stock worth $7,842,000 after purchasing an additional 30,081 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 1st quarter valued at about $230,000. Maltin Wealth Management Inc. raised its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 82.1% during the 1st quarter. Maltin Wealth Management Inc. now owns 13,205 shares of the company’s stock worth $1,433,000 after buying an additional 5,954 shares during the period. Asset One Wealth Management LLC acquired a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF during the 4th quarter worth approximately $238,000. Finally, Royal Bank of Canada boosted its holdings in Invesco Dorsey Wright Consumer Staples Momentum ETF by 80.4% in the fourth quarter. Royal Bank of Canada now owns 2,796 shares of the company’s stock worth $281,000 after acquiring an additional 1,246 shares in the last quarter.

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. 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.