Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Sees Strong Trading Volume – Should You Buy?

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) saw an uptick in trading volume on Monday . Approximately 383,770 shares changed hands during mid-day trading, an increase of 317% from the previous session’s volume of 92,117 shares.The stock last traded at $53.50 and had previously closed at $53.80.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

The company has a 50 day moving average of $53.59 and a 200 day moving average of $54.00. The stock has a market capitalization of $751.67 million, a price-to-earnings ratio of 18.27 and a beta of 1.11.

Invesco Dorsey Wright Developed Markets Momentum ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.4503 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.4%.

Institutional Trading of Invesco Dorsey Wright Developed Markets Momentum ETF

Several hedge funds have recently added to or reduced their stakes in the company. Highland Investment Advisors LLC purchased a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter valued at approximately $29,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the fourth quarter worth $41,000. Kestra Advisory Services LLC purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter valued at $97,000. Flagship Wealth Advisors LLC purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter valued at $122,000. Finally, Arax Advisory Partners purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter valued at $133,000.

About Invesco Dorsey Wright Developed Markets Momentum ETF

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.