Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Reaches New 12-Month High – Here’s What Happened

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $55.02 and last traded at $54.8450, with a volume of 3289 shares trading hands. The stock had previously closed at $54.58.

Invesco Dorsey Wright Developed Markets Momentum ETF Trading Down 0.3%

The company’s 50 day simple moving average is $51.39 and its 200-day simple moving average is $48.78. The firm has a market cap of $606.60 million, a P/E ratio of 18.27 and a beta of 1.05.

Invesco Dorsey Wright Developed Markets Momentum ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.2028 dividend. This represents a $0.81 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change 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 institutional investors have recently added to or reduced their stakes in PIZ. Royal Bank of Canada increased its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 27.1% in the first quarter. Royal Bank of Canada now owns 217,141 shares of the company’s stock worth $8,268,000 after purchasing an additional 46,322 shares during the period. Jane Street Group LLC raised its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 129.5% during the 1st quarter. Jane Street Group LLC now owns 40,053 shares of the company’s stock valued at $1,525,000 after purchasing an additional 22,603 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 269.5% during the second quarter. Envestnet Asset Management Inc. now owns 48,836 shares of the company’s stock valued at $2,244,000 after buying an additional 35,618 shares during the period. Spire Wealth Management purchased a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter worth about $79,000. Finally, Creative Financial Designs Inc. ADV purchased a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter worth approximately $13,516,000.

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.