Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Reaches New 52-Week High – What’s Next?

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) shares reached a new 52-week high during trading on Monday . The stock traded as high as $54.25 and last traded at $54.2530, with a volume of 19387 shares changing hands. The stock had previously closed at $53.24.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

The stock has a market cap of $607.45 million, a PE ratio of 18.27 and a beta of 1.05. The stock has a fifty day moving average price of $50.25 and a 200 day moving average price of $48.21.

Invesco Dorsey Wright Developed Markets Momentum ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a dividend of $0.2028 per share. This is a positive change from Invesco Dorsey Wright Developed Markets Momentum ETF’s previous quarterly dividend of $0.03. This represents a $0.81 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Trading of Invesco Dorsey Wright Developed Markets Momentum ETF

A number of large investors have recently modified their holdings of PIZ. Creative Financial Designs Inc. ADV purchased a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter worth about $13,516,000. Axiom Financial Strategies LLC acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the third quarter valued at approximately $11,232,000. Raymond James Financial Inc. increased its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 143.5% during the second quarter. Raymond James Financial Inc. now owns 300,914 shares of the company’s stock worth $13,827,000 after purchasing an additional 177,328 shares in the last quarter. NWF Advisory Services Inc. acquired a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter valued at $2,782,000. Finally, Royal Bank of Canada lifted its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 27.1% in the first quarter. Royal Bank of Canada now owns 217,141 shares of the company’s stock worth $8,268,000 after buying an additional 46,322 shares in the last quarter.

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.