Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $100.29 and traded as high as $110.68. Invesco Dorsey Wright Consumer Staples Momentum ETF shares last traded at $110.49, with a volume of 1,837 shares trading hands.

Invesco Dorsey Wright Consumer Staples Momentum ETF Trading Down 0.5 %

The business has a 50 day moving average of $104.44 and a two-hundred day moving average of $100.37. The firm has a market cap of $95.67 million, a P/E ratio of 25.07 and a beta of 0.73.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers acquired a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF during the first quarter worth approximately $1,660,000. New Millennium Group LLC bought a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the second quarter worth $27,000. Commonwealth Equity Services LLC lifted its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 1.4% during the second quarter. Commonwealth Equity Services LLC now owns 19,593 shares of the company’s stock worth $1,905,000 after purchasing an additional 264 shares during the period. Maltin Wealth Management Inc. grew its stake in 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 buying an additional 597 shares in the last quarter. Finally, Howe & Rusling Inc. bought a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 3rd quarter valued at about $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.