Raymond James & Associates Has $1.66 Million Stock Holdings in Invesco DWA Basic Materials Momentum ETF (NASDAQ:PYZ)

Raymond James & Associates increased its stake in shares of Invesco DWA Basic Materials Momentum ETF (NASDAQ:PYZ – Get Rating) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,760 shares of the company’s stock after purchasing an additional 1,028 shares during the quarter. Raymond James & Associates owned approximately 1.71% of Invesco DWA Basic Materials Momentum ETF worth $1,659,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Captrust Financial Advisors acquired a new position in Invesco DWA Basic Materials Momentum ETF in the 1st quarter valued at approximately $45,000. EP Wealth Advisors LLC acquired a new position in Invesco DWA Basic Materials Momentum ETF in the 1st quarter valued at approximately $120,000. Creative Planning acquired a new position in Invesco DWA Basic Materials Momentum ETF in the 2nd quarter valued at approximately $210,000. Atria Wealth Solutions Inc. acquired a new position in Invesco DWA Basic Materials Momentum ETF in the 1st quarter valued at approximately $273,000. Finally, Centaurus Financial Inc. acquired a new position in Invesco DWA Basic Materials Momentum ETF in the 1st quarter valued at approximately $290,000.

Invesco DWA Basic Materials Momentum ETF Stock Performance

Shares of NASDAQ PYZ opened at $87.02 on Wednesday. Invesco DWA Basic Materials Momentum ETF has a 52-week low of $68.39 and a 52-week high of $104.31. The firm has a 50 day moving average price of $83.11 and a two-hundred day moving average price of $79.73.

Invesco DWA Basic Materials Momentum ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Stockholders of record on Tuesday, December 20th were paid a $0.223 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Monday, December 19th.