Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Sets New 1-Year High – Here’s Why

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZGet Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $56.79 and last traded at $56.65, with a volume of 62540 shares. The stock had previously closed at $54.61.

Invesco Dorsey Wright Developed Markets Momentum ETF Trading Down 0.1%

The firm has a fifty day moving average of $52.53 and a two-hundred day moving average of $50.66. The company has a market cap of $777.98 million, a PE ratio of 18.27 and a beta of 1.11.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.1519 dividend. 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

Several large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 6.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,538 shares of the company’s stock worth $173,000 after acquiring an additional 222 shares during the last quarter. Bank of America Corp DE grew its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 1.0% during the 2nd quarter. Bank of America Corp DE now owns 25,182 shares of the company’s stock valued at $1,157,000 after buying an additional 239 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 5.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,673 shares of the company’s stock valued at $327,000 after buying an additional 328 shares in the last quarter. Mainstay Capital Management LLC ADV grew its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 8.2% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 4,927 shares of the company’s stock valued at $241,000 after buying an additional 372 shares in the last quarter. Finally, Trueblood Wealth Management LLC grew its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 1.9% during the 4th quarter. Trueblood Wealth Management LLC now owns 20,587 shares of the company’s stock valued at $1,008,000 after buying an additional 383 shares in the last quarter.

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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