Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Sees Strong Trading Volume – What’s Next?

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) shares saw an uptick in trading volume on Wednesday . 101,749 shares were traded during trading, an increase of 6% from the previous session’s volume of 95,701 shares.The stock last traded at $53.88 and had previously closed at $53.85.

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

The stock has a market capitalization of $732.46 million, a P/E ratio of 18.27 and a beta of 1.10. The stock’s fifty day moving average is $55.39 and its 200-day moving average is $52.37.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.1519 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.61 dividend on an annualized basis and a yield of 1.1%.

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

A number of institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC increased its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 6.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,538 shares of the company’s stock worth $173,000 after purchasing an additional 222 shares during the period. Bank of America Corp DE increased its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 1.0% in the second quarter. Bank of America Corp DE now owns 25,182 shares of the company’s stock worth $1,157,000 after purchasing an additional 239 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 5.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,673 shares of the company’s stock worth $327,000 after purchasing an additional 328 shares during the period. Mainstay Capital Management LLC ADV increased its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 8.2% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 4,927 shares of the company’s stock worth $241,000 after purchasing an additional 372 shares during the period. Finally, Trueblood Wealth Management LLC increased its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 1.9% in the fourth quarter. Trueblood Wealth Management LLC now owns 20,587 shares of the company’s stock worth $1,008,000 after purchasing an additional 383 shares during the period.

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.