Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Stock Position Lowered by JNBA Financial Advisors

JNBA Financial Advisors lowered its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) by 11.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,516 shares of the company’s stock after selling 338 shares during the quarter. JNBA Financial Advisors’ holdings in Invesco Dorsey Wright Consumer Staples Momentum ETF were worth $256,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PSL. New Millennium Group LLC acquired a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 2nd quarter valued at about $27,000. Selective Wealth Management Inc. acquired a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF during the second quarter valued at approximately $202,000. B. Riley Wealth Advisors Inc. boosted its holdings in Invesco Dorsey Wright Consumer Staples Momentum ETF by 2.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 5,172 shares of the company’s stock worth $505,000 after buying an additional 108 shares in the last quarter. Maltin Wealth Management Inc. grew its position in 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 last quarter. Finally, Cetera Investment Advisers bought a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the first quarter valued at $1,660,000.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Performance

Shares of NASDAQ:PSL opened at $105.82 on Thursday. The company has a market capitalization of $92.06 million, a PE ratio of 25.07 and a beta of 0.73. The stock has a fifty day moving average of $101.08 and a 200-day moving average of $98.65. Invesco Dorsey Wright Consumer Staples Momentum ETF has a one year low of $81.26 and a one year high of $106.13.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.101 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.40 annualized dividend and a yield of 0.38%.

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.