Invesco DWA Basic Materials Momentum ETF (PYZ)
|Ex-Dividend Date||Sep 20, 2021|
|Day's Range||90.15 - 91.29|
|Inception Date||Oct 12, 2006|
The investment seeks to track the investment results (before fees and expenses) of the Dorsey Wright® Basic Materials Technical Leaders Index (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is composed of at least 30 securities of companies in the basic materials sector that have powerful relative strength or momentum characteristics.
Top 10 Holdings35.23% of assets
|Air Products & Chemicals||APD||3.22%|
|Sep 20, 2021||$0.04631||Sep 30, 2021|
|Jun 21, 2021||$0.05748||Jun 30, 2021|
|Mar 22, 2021||$0.07552||Mar 31, 2021|
|Dec 21, 2020||$0.1531||Dec 31, 2020|
|Sep 21, 2020||$0.15006||Sep 30, 2020|
|Jun 22, 2020||$0.24558||Jun 30, 2020|
Basic materials might be a no frills play in the ETF world, but add momentum to the mix, and one gets a dynamic fund in the Invesco DWA Basic Materials Momentum ETF (PYZ). The basic materials sector cou...
The American economy has been booming with growth exceeding the pre-pandemic level.
Sector ETF report for PYZ
The cost of living in the United States has surged the most in 13 years as economic recovery has gathered momentum.
Amid the much ballyhooed cyclical stock resurgence, the materials sector is performing admirably this year. The S&P 500 Materials Index is higher by almost 14% year-to-date.
Though the global stock market has been under pressure due to inflation anxiety, investors could still make some profits by investing in ETFs that are benefiting from the scenario.
Higher yields indicate investors' optimism in the economy that has encouraged a flight to cyclical sectors like energy, financials, materials and industrials, rotating out of the high-growth sectors lik...
While others worry about further downside risks, ETF investors should also position for potential upside risks, like chasing overpriced areas of the market. “From my lens, Financial and Technology stock...