Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) saw unusually-high trading volume on Friday . 202,991 shares changed hands during trading, an increase of 89% from the previous session’s volume of 107,445 shares.The stock last traded at $54.3710 and had previously closed at $53.93.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

The stock has a market cap of $608.57 million, a P/E ratio of 18.27 and a beta of 1.05. The stock has a fifty day simple moving average of $51.27 and a 200-day simple moving average of $48.69.

Invesco Dorsey Wright Developed Markets Momentum ETF Increases Dividend

The company 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. This is a boost from Invesco Dorsey Wright Developed Markets Momentum ETF’s previous quarterly dividend of $0.03. This represents a $0.81 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, December 22nd.

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

A number of institutional investors have recently bought and sold shares of PIZ. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter valued at approximately $41,000. Spire Wealth Management bought a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter valued at $79,000. Kestra Advisory Services LLC acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter valued at $97,000. Flagship Wealth Advisors LLC acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter valued at $122,000. Finally, Arax Advisory Partners bought a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the fourth quarter worth $133,000.

About Invesco Dorsey Wright Developed Markets Momentum ETF

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.