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Forbes
Apr 6
Comment
The PowerShares DWA Basic Materials Momentum Portfolio ETF (PYZ) is seeing unusually high volume in afternoon trading Wednesday, with over 75,000 shares traded versus three month average volume of about 26,000. Shares of PYZ were up about 0.7% on...
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WIKI ANALYSIS
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This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund. |
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Powershares Dynamic Basic Materials Sector Portfolio ETF (PYZ)
Overview
The PowerShares Dynamic Basic Materials Sector Portfolio (Fund) is based on the Dynamic Basic Materials Sector Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index. [1]
Fund Information
- Fund Manager - Invesco PowerShares
- Inception Date - 10/12/2006
- Exchange – NYSE Arca
- Index Ticker – PYZ
- Intra-day NAV Ticker – PYZ.IV
- Expense Ratio - 0.60%
Top Holdings
| Holdings | % of Portfolio |
| Dow Chemical Co. | 3.01% |
| Freeport-McMoRan Copper & Gold Inc. | 2.94% |
| Newmont Mining Corp. | 2.88% |
| Southern Copper Corp. | 2.77% |
| International Paper Co. | 2.59% |
| Air Products & Chemicals Inc. | 2.55% |
| Praxair Inc. | 2.52% |
| PPG Industries Inc. | 2.50% |
| Ecolab Inc. | 2.50% |
| Sigma-Aldrich Corp. | 2.47% |
Holdings as of 16/11/2009
Other Basic Materials ETFs
| ETF Name | Fund Manager | Expense Ratio |
| Powershares Dynamic Basic Materials Sector Portfolio ETF (PYZ) | Invesco PowerShares | 0.60% |
| Powershares Dynamic Basic Materials Sector Portfolio ETF (PYZ) | Invesco PowerShares | 0.60% |
| ProShares Ultra Basic Materials ETF (UYM) | InvescoPoweshares | 0.95% |
| ProShares UltraShort Basic Materials ETF (SMN) | InvescoPoweshares | 0.95% |
| ProShares UltraShort Basic Materials ETF (SMN) | InvescoPoweshares | 0.95% |
References
