Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Trading 0.6% Higher – What’s Next?

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) was up 0.6% on Monday . The stock traded as high as $104.43 and last traded at $104.43. Approximately 1,523 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 1,389 shares. The stock had previously closed at $103.77.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Performance

The business has a 50 day moving average of $107.11 and a 200-day moving average of $102.16. The company 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 announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a dividend of $0.2084 per share. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Meridian Wealth Management LLC bought a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF in the third quarter valued at $206,000. Sunbelt Securities Inc. increased its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 46,775.0% in the third quarter. Sunbelt Securities Inc. now owns 1,875 shares of the company’s stock worth $191,000 after buying an additional 1,871 shares during the period. Maltin Wealth Management Inc. grew its holdings in Invesco Dorsey Wright Consumer Staples Momentum ETF by 10.6% in the 3rd quarter. Maltin Wealth Management Inc. now owns 6,250 shares of the company’s stock worth $636,000 after acquiring an additional 597 shares during the last quarter. Finally, Howe & Rusling Inc. bought a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF during the third 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.