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

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) saw strong trading volume on Monday . 80,139 shares changed hands during trading, a decline of 2% from the previous session’s volume of 82,021 shares.The stock last traded at $52.9150 and had previously closed at $52.21.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

The stock has a 50-day simple moving average of $49.08 and a two-hundred day simple moving average of $47.72. The firm has a market cap of $569.73 million, a PE ratio of 18.27 and a beta of 1.05.

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 given a dividend of $0.2028 per share. 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 dividend yield of 1.5%.

Institutional Investors Weigh In On Invesco Dorsey Wright Developed Markets Momentum ETF

Several large investors have recently added to or reduced their stakes in PIZ. Spire Wealth Management bought a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the second quarter valued at approximately $79,000. Ameritas Advisory Services LLC purchased a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter valued at $129,000. BNP Paribas Financial Markets purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the second quarter valued at approximately $153,000. Thoroughbred Financial Services LLC purchased a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the 3rd quarter valued at approximately $205,000. Finally, Private Client Services LLC acquired a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 3rd quarter valued at $210,000.

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.