Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Sees Large Volume Increase – Time to Buy?

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZGet Free Report) shares saw unusually-high trading volume on Monday . Approximately 383,770 shares changed hands during trading, an increase of 317% from the previous session’s volume of 92,117 shares.The stock last traded at $53.50 and had previously closed at $53.80.

Invesco Dorsey Wright Developed Markets Momentum ETF Trading Down 1.7%

The firm has a market cap of $740.72 million, a P/E ratio of 18.27 and a beta of 1.11. The company’s 50-day moving average is $53.43 and its two-hundred day moving average is $53.98.

Invesco Dorsey Wright Developed Markets Momentum ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.4503 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Monday, June 22nd.

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

A number of hedge funds and other institutional investors have recently modified their holdings of PIZ. Royal Bank of Canada grew its position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 46.3% during the 4th quarter. Royal Bank of Canada now owns 577,277 shares of the company’s stock valued at $28,276,000 after acquiring an additional 182,667 shares during the period. Raymond James Financial Inc. raised its holdings 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 purchasing an additional 177,328 shares during the period. LPL Financial LLC lifted its stake in 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 purchasing an additional 139,939 shares during the last quarter. Cetera Investment Advisers lifted its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 96.4% in the first quarter. Cetera Investment Advisers now owns 146,141 shares of the company’s stock valued at $7,237,000 after purchasing an additional 71,727 shares during the last quarter. Finally, Redstone Wealth Management LLC purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the first quarter valued at approximately $3,198,000.

Invesco Dorsey Wright Developed Markets Momentum ETF Company Profile

(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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