Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Sees Strong Trading Volume – Still a Buy?

Shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZGet Free Report) saw unusually-strong trading volume on Friday . 143,258 shares changed hands during trading, an increase of 56% from the previous session’s volume of 91,753 shares.The stock last traded at $51.77 and had previously closed at $51.92.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Up 0.3%

The business has a 50-day simple moving average of $55.22 and a two-hundred day simple moving average of $53.76. The stock has a market capitalization of $732.00 million, a price-to-earnings ratio of 18.27 and a beta of 1.10.

Invesco Dorsey Wright Developed Markets Momentum ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a $0.4503 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.80 annualized dividend and a dividend yield of 3.5%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PIZ. Garton & Associates Financial Advisors LLC acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter valued at about $41,000. Kestra Advisory Services LLC acquired a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter worth approximately $97,000. Flagship Wealth Advisors LLC acquired a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter worth approximately $122,000. Arax Advisory Partners bought a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter worth approximately $133,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter worth approximately $153,000.

About Invesco Dorsey Wright Developed Markets Momentum ETF

(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.

Further Reading

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