Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Reaches New 12-Month High – Here’s Why

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZGet Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $57.71 and last traded at $57.51, with a volume of 88999 shares trading hands. The stock had previously closed at $56.18.

Invesco Dorsey Wright Developed Markets Momentum ETF Trading Down 1.6%

The business has a fifty day simple moving average of $52.74 and a two-hundred day simple moving average of $50.94. The company has a market cap of $799.84 million, a PE ratio of 18.27 and a beta of 1.11.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.1519 dividend. This represents a $0.61 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, March 23rd.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Garton & Associates Financial Advisors LLC acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter valued at about $41,000. Kestra Advisory Services LLC acquired a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter worth approximately $97,000. Flagship Wealth Advisors LLC acquired a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter worth approximately $122,000. Arax Advisory Partners acquired a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter worth approximately $133,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter valued at approximately $153,000.

About Invesco Dorsey Wright Developed Markets Momentum ETF

(Get Free Report)

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.

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