Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Hits New 52-Week High – Time to Buy?

Shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) reached a new 52-week high during trading on Friday . The stock traded as high as $49.79 and last traded at $49.53, with a volume of 81541 shares changing hands. The stock had previously closed at $48.98.

Invesco Dorsey Wright Developed Markets Momentum ETF Trading Up 1.1%

The business’s 50-day moving average price is $48.27 and its 200-day moving average price is $47.10. The stock has a market cap of $532.45 million, a PE ratio of 18.27 and a beta of 1.05.

Invesco Dorsey Wright Developed Markets Momentum ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.2028 dividend. This is an increase from Invesco Dorsey Wright Developed Markets Momentum ETF’s previous quarterly dividend of $0.03. This represents a $0.81 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Trading of Invesco Dorsey Wright Developed Markets Momentum ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. grew its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 208.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 651 shares of the company’s stock worth $30,000 after buying an additional 440 shares during the last quarter. ROSS JOHNSON & Associates LLC acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the first quarter worth about $36,000. Spire Wealth Management acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter worth about $79,000. Ameritas Advisory Services LLC purchased a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the second quarter worth about $129,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the second quarter valued at about $153,000.

Invesco Dorsey Wright Developed Markets Momentum ETF Company Profile

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.