Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Trading 1.5% Higher – Time to Buy?

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE)’s stock price traded up 1.5% during trading on Thursday . The company traded as high as $25.69 and last traded at $25.63. 20,105 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 23,521 shares. The stock had previously closed at $25.24.

Invesco Dorsey Wright Emerging Markets Momentum ETF Trading Down 0.9%

The business’s fifty day moving average price is $24.31 and its 200-day moving average price is $23.50. The company has a market capitalization of $125.78 million, a P/E ratio of 13.79 and a beta of 0.72.

Invesco Dorsey Wright Emerging Markets Momentum ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.242 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, December 22nd. This is an increase from Invesco Dorsey Wright Emerging Markets Momentum ETF’s previous quarterly dividend of $0.08.

Hedge Funds Weigh In On Invesco Dorsey Wright Emerging Markets Momentum ETF

A number of large investors have recently modified their holdings of the company. Whipplewood Advisors LLC grew its holdings in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 12,321.2% during the 2nd quarter. Whipplewood Advisors LLC now owns 20,495 shares of the company’s stock valued at $429,000 after purchasing an additional 20,330 shares during the last quarter. M Holdings Securities Inc. lifted its stake in Invesco Dorsey Wright Emerging Markets Momentum ETF by 9.1% in the second quarter. M Holdings Securities Inc. now owns 411,704 shares of the company’s stock worth $8,620,000 after purchasing an additional 34,174 shares during the last quarter. Lunt Capital Management Inc. purchased a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF during the second quarter valued at about $788,000. Maltin Wealth Management Inc. grew its stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 1.6% during the second quarter. Maltin Wealth Management Inc. now owns 158,509 shares of the company’s stock valued at $3,319,000 after buying an additional 2,499 shares during the last quarter. Finally, TT Capital Management LLC purchased a new position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the second quarter worth about $887,000.

Invesco Dorsey Wright Emerging Markets Momentum ETF Company Profile

PowerShares DWA Emerging Markets Technical Leaders Portfolio (the Fund) is based on the Dorsey Wright Emerging Markets Technical Leaders Index (the Index). The Fund normally invest at least 80% of its total assets in securities of emerging economies within Dorsey Wright & Associates’ classification definition, excluding companies listed on a U.S. stock exchange. The Index includes approximately 100 companies that possess relative strength characteristics and are domiciled in emerging market countries including, but not limited to Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Malaysia, Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey.