Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Sees Strong Trading Volume – Here’s What Happened

Shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) saw strong trading volume on Wednesday . Approximately 192,425 shares were traded during mid-day trading, an increase of 108% from the previous session’s volume of 92,644 shares.The stock last traded at $54.02 and had previously closed at $53.57.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Up 1.0%

The stock has a market capitalization of $759.96 million, a P/E ratio of 18.27 and a beta of 1.10. The business has a fifty day moving average price of $54.45 and a 200-day moving average price of $53.82.

Invesco Dorsey Wright Developed Markets Momentum ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.4503 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 3.3%.

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

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

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.