Meridian Wealth Management LLC Takes Position in Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL)

Meridian Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 2,022 shares of the company’s stock, valued at approximately $206,000.

A number of other large investors have also recently added to or reduced their stakes in the business. New Millennium Group LLC acquired a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF in the second quarter valued at about $27,000. Howe & Rusling Inc. purchased a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF during the 3rd quarter worth approximately $41,000. Selective Wealth Management Inc. acquired a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 2nd quarter valued at approximately $202,000. B. Riley Wealth Advisors Inc. raised its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 2.1% in the first 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. Finally, Maltin Wealth Management Inc. lifted 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 purchasing an additional 597 shares in the last quarter.

Invesco Dorsey Wright Consumer Staples Momentum ETF Trading Up 1.0 %

Shares of NASDAQ PSL opened at $110.08 on Tuesday. The stock has a market capitalization of $95.77 million, a PE ratio of 25.07 and a beta of 0.73. Invesco Dorsey Wright Consumer Staples Momentum ETF has a twelve month low of $84.31 and a twelve month high of $110.69. The stock has a fifty day simple moving average of $102.66 and a 200-day simple moving average of $99.60.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

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

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.