Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Shares Climb 2% – Still a Buy?

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) shares shot up 2% during mid-day trading on Monday. The stock traded as high as $35.60 and last traded at $35.48. 48,718 shares changed hands during trading, a decline of 22% from the average session volume of 62,353 shares. The stock had previously closed at $34.77.

Invesco Dorsey Wright Emerging Markets Momentum ETF Price Performance

The firm has a market cap of $266.10 million, a PE ratio of 13.79 and a beta of 0.84. The company’s 50 day moving average price is $33.12 and its 200 day moving average price is $31.51.

Invesco Dorsey Wright Emerging Markets Momentum ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were issued a dividend of $0.2575 per share. This is a boost from Invesco Dorsey Wright Emerging Markets Momentum ETF’s previous quarterly dividend of $0.2180. The ex-dividend date was Monday, September 21st. This represents a $1.03 annualized dividend and a yield of 2.9%.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Sankala Group LLC purchased a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF during the 4th quarter worth $43,000. Fifth Third Bancorp purchased a new position in Invesco Dorsey Wright Emerging Markets Momentum ETF in the first quarter valued at $143,000. NewEdge Advisors LLC increased its holdings in Invesco Dorsey Wright Emerging Markets Momentum ETF by 12,580.9% in the first quarter. NewEdge Advisors LLC now owns 8,623 shares of the company’s stock valued at $224,000 after buying an additional 8,555 shares during the last quarter. Nicholson Wealth Management Group LLC acquired a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF in the first quarter valued at $262,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF in the first quarter valued at $353,000.

About Invesco Dorsey Wright Emerging Markets Momentum ETF

PowerShares DWA Emerging Markets Technical Leaders Portfolio (the Fund) is based on the Dorsey Wright Emerging Markets Technical Leaders Index (the Index). The Fund normally invest at least 80% of its total assets in securities of emerging economies within Dorsey Wright & Associates’ classification definition, excluding companies listed on a U.S. stock exchange. The Index includes approximately 100 companies that possess relative strength characteristics and are domiciled in emerging market countries including, but not limited to Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Malaysia, Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey.