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

Shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) hit a new 52-week high during trading on Thursday . The stock traded as high as $51.88 and last traded at $51.78, with a volume of 62419 shares changing hands. The stock had previously closed at $51.29.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Up 1.2%

The firm has a market cap of $563.22 million, a PE ratio of 18.27 and a beta of 1.05. The business has a 50-day moving average price of $48.92 and a two-hundred day moving average price of $47.61.

Invesco Dorsey Wright Developed Markets Momentum ETF Increases Dividend

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

Institutional Trading of Invesco Dorsey Wright Developed Markets Momentum ETF

Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 27.1% during the 1st quarter. Royal Bank of Canada now owns 217,141 shares of the company’s stock worth $8,268,000 after acquiring an additional 46,322 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 129.5% during the first quarter. Jane Street Group LLC now owns 40,053 shares of the company’s stock worth $1,525,000 after purchasing an additional 22,603 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter valued at $1,694,000. Janney Montgomery Scott LLC raised its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 28.8% in the second quarter. Janney Montgomery Scott LLC now owns 19,014 shares of the company’s stock valued at $874,000 after buying an additional 4,251 shares in the last quarter. Finally, Consolidated Planning Corp acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter valued at $2,085,000.

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.