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

Shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZGet Free Report) saw an uptick in trading volume on Wednesday . 101,749 shares were traded during mid-day trading, an increase of 6% from the previous session’s volume of 95,701 shares.The stock last traded at $53.88 and had previously closed at $53.85.

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

The stock’s fifty day simple moving average is $55.39 and its 200-day simple moving average is $52.37. The stock has a market cap of $732.46 million, a P/E ratio of 18.27 and a beta of 1.10.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.1519 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.61 annualized dividend and a yield of 1.1%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Garton & Associates Financial Advisors LLC bought a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF during the fourth quarter worth approximately $41,000. Kestra Advisory Services LLC acquired a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter worth $97,000. Flagship Wealth Advisors LLC purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter worth approximately $122,000. Arax Advisory Partners purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter worth approximately $133,000. Finally, BNP Paribas Financial Markets purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the 2nd quarter worth 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.

Further Reading

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