Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Sets New 1-Year High – Time to Buy?

Shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) hit a new 52-week high during trading on Monday . The stock traded as high as $54.25 and last traded at $54.2530, with a volume of 19387 shares. The stock had previously closed at $53.24.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

The company has a market cap of $607.45 million, a PE ratio of 18.27 and a beta of 1.05. The company’s 50-day simple moving average is $50.25 and its 200 day simple moving average is $48.21.

Invesco Dorsey Wright Developed 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 given a dividend of $0.2028 per share. This is an increase from Invesco Dorsey Wright Developed Markets Momentum ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.81 annualized dividend and a dividend yield of 1.5%.

Institutional Investors Weigh In On Invesco Dorsey Wright Developed Markets Momentum ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 27.1% during the first quarter. Royal Bank of Canada now owns 217,141 shares of the company’s stock worth $8,268,000 after acquiring an additional 46,322 shares during the last quarter. Jane Street Group LLC increased its position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 129.5% in the first quarter. Jane Street Group LLC now owns 40,053 shares of the company’s stock valued at $1,525,000 after buying an additional 22,603 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 28.8% in the second quarter. Janney Montgomery Scott LLC now owns 19,014 shares of the company’s stock valued at $874,000 after purchasing an additional 4,251 shares in the last quarter. CWM LLC boosted its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 4,210.3% during the second quarter. CWM LLC now owns 10,043 shares of the company’s stock valued at $461,000 after acquiring an additional 9,810 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 269.5% during the second quarter. Envestnet Asset Management Inc. now owns 48,836 shares of the company’s stock worth $2,244,000 after purchasing an additional 35,618 shares during the last quarter.

Invesco Dorsey Wright Developed Markets Momentum ETF Company Profile

PowerShares DWA Developed Markets Technical Leaders Portfolio (the Fund) is based on the Dorsey Wright Developed Markets Technical Leaders Index (the Index). The Fund will normally invest at least 80% of its total assets in securities of developed economies within Dorsey Wright & Associates’ classification definition, excluding the United States companies listed on the United States stock exchange. This Index includes approximately 100 companies that possess relative strength characteristics and are domiciled in developed markets including, but not limited to, Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.