Axiom Financial Strategies LLC Acquires Shares of 235,598 Invesco Dorsey Wright Developed Markets Momentum ETF $PIZ

Axiom Financial Strategies LLC acquired a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 235,598 shares of the company’s stock, valued at approximately $11,232,000. Invesco Dorsey Wright Developed Markets Momentum ETF makes up 4.8% of Axiom Financial Strategies LLC’s investment portfolio, making the stock its 6th largest holding. Axiom Financial Strategies LLC owned approximately 2.38% of Invesco Dorsey Wright Developed Markets Momentum ETF at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PIZ. Royal Bank of Canada lifted its position in shares of 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 buying an additional 46,322 shares in the last quarter. Jane Street Group LLC boosted its stake in 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 valued at $1,525,000 after buying an additional 22,603 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 269.5% during the 2nd 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 in the last quarter. Cetera Investment Advisers bought a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter worth approximately $1,349,000. Finally, JPMorgan Chase & Co. increased its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 23,826.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 35,172 shares of the company’s stock worth $1,616,000 after acquiring an additional 35,025 shares during the last quarter.

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

Shares of PIZ opened at $49.29 on Friday. Invesco Dorsey Wright Developed Markets Momentum ETF has a 1 year low of $33.58 and a 1 year high of $55.74. The business’s 50 day simple moving average is $52.55 and its 200-day simple moving average is $49.47. The stock has a market capitalization of $549.58 million, a price-to-earnings ratio of 18.27 and a beta of 1.05.

Invesco Dorsey Wright Developed Markets Momentum ETF Increases Dividend

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

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.