Maltin Wealth Management Inc. Raises Stock Position in Invesco Dorsey Wright Consumer Staples Momentum ETF $PSL

Maltin Wealth Management Inc. grew its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) by 82.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,205 shares of the company’s stock after buying an additional 5,954 shares during the period. Maltin Wealth Management Inc.’s holdings in Invesco Dorsey Wright Consumer Staples Momentum ETF were worth $1,433,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. US Bancorp DE acquired a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF during the 3rd quarter worth $25,000. Kestra Advisory Services LLC purchased a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the fourth quarter valued at $44,000. Capital Analysts LLC boosted its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 32.8% in the fourth quarter. Capital Analysts LLC now owns 685 shares of the company’s stock valued at $69,000 after acquiring an additional 169 shares in the last quarter. Sound Income Strategies LLC acquired a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF in the fourth quarter valued at $101,000. Finally, Asset One Wealth Management LLC purchased a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF during the fourth quarter worth about $238,000.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Performance

PSL opened at $111.27 on Friday. The business’s 50-day simple moving average is $110.78 and its 200-day simple moving average is $108.91. Invesco Dorsey Wright Consumer Staples Momentum ETF has a one year low of $97.96 and a one year high of $117.12. The stock has a market capitalization of $91.24 million, a P/E ratio of 18.50 and a beta of 0.64.

Invesco Dorsey Wright Consumer Staples Momentum ETF Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 22nd will be paid a dividend of $0.1933 per share. This represents a $0.77 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, June 22nd.

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. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index consists of stocks of 60 United States consumer staples companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.