Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Sees Large Volume Increase – What’s Next?

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) shares saw unusually-strong trading volume on Friday . Approximately 202,991 shares changed hands during mid-day trading, an increase of 89% from the previous session’s volume of 107,445 shares.The stock last traded at $54.3710 and had previously closed at $53.93.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Up 1.2%

The firm has a market capitalization of $608.57 million, a price-to-earnings ratio of 18.27 and a beta of 1.05. The company has a 50-day moving average price of $51.39 and a 200-day moving average price of $48.77.

Invesco Dorsey Wright Developed Markets Momentum ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco Dorsey Wright Developed Markets Momentum ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Financial Designs Inc. ADV acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter worth about $13,516,000. Axiom Financial Strategies LLC bought a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the 3rd quarter worth about $11,232,000. Royal Bank of Canada lifted its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 46.3% in the 4th quarter. Royal Bank of Canada now owns 577,277 shares of the company’s stock worth $28,276,000 after acquiring an additional 182,667 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 143.5% in the 2nd quarter. Raymond James Financial Inc. now owns 300,914 shares of the company’s stock worth $13,827,000 after acquiring an additional 177,328 shares during the period. Finally, LPL Financial LLC boosted its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 29.1% in the fourth quarter. LPL Financial LLC now owns 620,114 shares of the company’s stock valued at $30,375,000 after acquiring an additional 139,939 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.