Farther Finance Advisors LLC Invests $585,000 in Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL)

Farther Finance Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) in the 1st quarter, HoldingsChannel reports. The firm bought 5,358 shares of the company’s stock, valued at approximately $585,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE raised its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 0.4% during the 4th quarter. Bank of America Corp DE now owns 29,980 shares of the company’s stock valued at $3,146,000 after buying an additional 113 shares in the last quarter. LPL Financial LLC raised its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 21.6% during the fourth quarter. LPL Financial LLC now owns 27,379 shares of the company’s stock worth $2,873,000 after acquiring an additional 4,857 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 4.8% during the fourth quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock worth $1,108,000 after acquiring an additional 485 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the 4th quarter worth approximately $428,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the 4th quarter valued at $373,000.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Performance

PSL stock opened at $108.86 on Friday. The firm has a market cap of $91.44 million, a P/E ratio of 19.93 and a beta of 0.73. The firm’s fifty day moving average is $109.26 and its 200 day moving average is $108.54. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 52 week low of $94.71 and a 52 week high of $114.45.

Invesco Dorsey Wright Consumer Staples Momentum ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.2207 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Invesco Dorsey Wright Consumer Staples Momentum ETF’s previous dividend of $0.21.

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.