Invesco Dorsey Wright Developed Markets Momentum ETF $PIZ Stock Position Lifted by Formidable Asset Management LLC

Formidable Asset Management LLC grew its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) by 133.9% during the first quarter, Holdings Channel.com reports. The firm owned 19,100 shares of the company’s stock after buying an additional 10,935 shares during the quarter. Formidable Asset Management LLC’s holdings in Invesco Dorsey Wright Developed Markets Momentum ETF were worth $936,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of PIZ. Garton & Associates Financial Advisors LLC bought a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter valued at about $41,000. Kestra Advisory Services LLC acquired a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter worth approximately $97,000. Flagship Wealth Advisors LLC bought a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter valued at approximately $122,000. Arax Advisory Partners acquired a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the fourth quarter valued at approximately $133,000. Finally, BNP Paribas Financial Markets bought a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF during the second quarter worth approximately $153,000.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

Shares of NASDAQ PIZ opened at $54.78 on Monday. The stock has a fifty day moving average price of $56.37 and a two-hundred day moving average price of $53.15. The firm has a market cap of $753.23 million, a P/E ratio of 18.27 and a beta of 1.10. Invesco Dorsey Wright Developed Markets Momentum ETF has a 1 year low of $44.76 and a 1 year high of $59.47.

Invesco Dorsey Wright Developed Markets Momentum ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a dividend of $0.4503 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.80 annualized dividend and a yield of 3.3%.

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.