Cetera Investment Advisers Sells 2,611 Shares of Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL)

Cetera Investment Advisers reduced its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) by 15.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,382 shares of the company’s stock after selling 2,611 shares during the period. Cetera Investment Advisers owned about 1.67% of Invesco Dorsey Wright Consumer Staples Momentum ETF worth $1,398,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PSL. B. Riley Wealth Advisors Inc. raised its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 2.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 5,172 shares of the company’s stock valued at $505,000 after purchasing an additional 108 shares during the period. Maltin Wealth Management Inc. raised its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 4.3% during the 1st quarter. Maltin Wealth Management Inc. now owns 5,582 shares of the company’s stock valued at $545,000 after purchasing an additional 228 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 1.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 19,593 shares of the company’s stock valued at $1,905,000 after purchasing an additional 264 shares during the period. New Millennium Group LLC bought a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF during the 2nd quarter valued at $27,000. Finally, Selective Wealth Management Inc. bought a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF during the 2nd quarter valued at $202,000.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Performance

PSL opened at $102.13 on Wednesday. The stock has a market capitalization of $90.90 million, a price-to-earnings ratio of 25.07 and a beta of 0.73. The company has a fifty day moving average of $99.99 and a 200 day moving average of $97.72. Invesco Dorsey Wright Consumer Staples Momentum ETF has a fifty-two week low of $78.66 and a fifty-two week high of $102.20.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

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

Invesco Dorsey Wright Consumer Staples Momentum ETF 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.