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

Shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) saw an uptick in trading volume on Wednesday. 99,780 shares changed hands during trading, an increase of 14% from the previous session’s volume of 87,424 shares. The stock last traded at $51.2070 and had previously closed at $52.46.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Down 2.4%

The company has a 50-day moving average of $53.34 and a 200 day moving average of $54.07. The firm has a market capitalization of $640.86 million, a PE ratio of 18.27 and a beta of 1.10.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a $0.1275 dividend. This is a decrease from Invesco Dorsey Wright Developed Markets Momentum ETF’s previous quarterly dividend of $0.4502. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.51 dividend on an annualized basis and a yield of 1.0%.

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

Several hedge funds and other institutional investors have recently modified their holdings of PIZ. Highland Investment Advisors LLC purchased a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the second quarter valued at approximately $29,000. Kestra Advisory Services LLC increased its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 164.1% during the 1st quarter. Kestra Advisory Services LLC now owns 5,235 shares of the company’s stock valued at $259,000 after purchasing an additional 3,253 shares during the period. Sequoia Financial Advisors LLC bought a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter worth $309,000. IFP Advisors Inc purchased a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter worth about $405,000. Finally, Nicholson Wealth Management Group LLC purchased a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 1st quarter worth about $379,000.

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.