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

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $55.02 and last traded at $54.8450, with a volume of 3289 shares. The stock had previously closed at $54.58.

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

The stock has a market capitalization of $618.16 million, a PE ratio of 18.27 and a beta of 1.05. The company’s 50 day moving average price is $51.63 and its two-hundred day moving average price is $48.90.

Invesco Dorsey Wright Developed Markets Momentum ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.2028 dividend. This is a boost from Invesco Dorsey Wright Developed Markets Momentum ETF’s previous quarterly dividend of $0.03. This represents a $0.81 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PIZ. Mercer Global Advisors Inc. ADV increased its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 5.2% during 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 last quarter. NewEdge Advisors LLC grew its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 11.5% in the 4th quarter. NewEdge Advisors LLC now owns 29,159 shares of the company’s stock valued at $1,428,000 after buying an additional 3,012 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter worth approximately $41,000. Cetera Investment Advisers increased its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 129.1% during the 4th quarter. Cetera Investment Advisers now owns 74,414 shares of the company’s stock worth $3,645,000 after buying an additional 41,940 shares during the last quarter. Finally, Equitable Holdings Inc. lifted its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 4.5% in the fourth quarter. Equitable Holdings Inc. now owns 54,203 shares of the company’s stock valued at $2,655,000 after acquiring an additional 2,314 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.