Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Hits New 1-Year High – Time to Buy?

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $51.10 and last traded at $51.01, with a volume of 86299 shares. The stock had previously closed at $50.72.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Up 0.6%

The firm’s 50 day moving average is $48.77 and its 200-day moving average is $47.48. The firm has a market cap of $558.23 million, a PE ratio of 18.27 and a beta of 1.05.

Invesco Dorsey Wright Developed Markets Momentum ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.2028 dividend. The ex-dividend date was Monday, December 22nd. 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%.

Institutional Trading of Invesco Dorsey Wright Developed Markets Momentum ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PIZ. Genesee Capital Advisors LLC lifted its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 5.4% during the 4th quarter. Genesee Capital Advisors LLC now owns 36,824 shares of the company’s stock worth $1,804,000 after acquiring an additional 1,871 shares during the period. Formidable Asset Management LLC acquired a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the fourth quarter worth approximately $389,000. Private Advisory Group LLC raised its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 7.9% during the fourth quarter. Private Advisory Group LLC now owns 8,875 shares of the company’s stock worth $435,000 after purchasing an additional 647 shares during the period. Private Client Services LLC boosted its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 12.5% in the 4th quarter. Private Client Services LLC now owns 4,950 shares of the company’s stock valued at $242,000 after purchasing an additional 550 shares during the last quarter. Finally, Advisory Services Network LLC boosted its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 14.6% in the 3rd quarter. Advisory Services Network LLC now owns 10,153 shares of the company’s stock valued at $484,000 after purchasing an additional 1,291 shares during the last quarter.

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.