Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Shares Up 0.6% – Should You Buy?

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) traded up 0.6% during mid-day trading on Monday . The company traded as high as $104.43 and last traded at $104.43. 1,523 shares were traded during mid-day 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 Stock Performance

The firm has a market capitalization of $90.85 million, a PE ratio of 25.07 and a beta of 0.73. The company has a fifty day moving average price of $107.08 and a 200-day moving average price of $102.10.

Invesco Dorsey Wright Consumer Staples Momentum ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.2084 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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

Several large investors have recently modified their holdings of PSL. Howe & Rusling Inc. purchased a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 3rd quarter worth about $41,000. Maltin Wealth Management Inc. raised its holdings 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 buying an additional 597 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 46,775.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,875 shares of the company’s stock worth $191,000 after acquiring an additional 1,871 shares during the last quarter. Finally, Meridian Wealth Management LLC bought a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF during the 3rd quarter worth approximately $206,000.

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.