Royal Bank of Canada Boosts Stock Position in Invesco Dorsey Wright Emerging Markets Momentum ETF $PIE

Royal Bank of Canada lifted its stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) by 42.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,019 shares of the company’s stock after acquiring an additional 21,658 shares during the quarter. Royal Bank of Canada owned approximately 1.11% of Invesco Dorsey Wright Emerging Markets Momentum ETF worth $1,901,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PIE. Sankala Group LLC bought a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF during the 4th quarter worth approximately $43,000. MGB Wealth Management LLC boosted its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 60.0% in the second quarter. MGB Wealth Management LLC now owns 2,000 shares of the company’s stock worth $42,000 after purchasing an additional 750 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the fourth quarter worth $82,000. Fifth Third Bancorp purchased a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the first quarter worth $143,000. Finally, Comerica Bank increased its stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 368.6% in the fourth quarter. Comerica Bank now owns 6,045 shares of the company’s stock worth $143,000 after purchasing an additional 4,755 shares in the last quarter.

Invesco Dorsey Wright Emerging Markets Momentum ETF Price Performance

Shares of PIE stock opened at $32.90 on Wednesday. Invesco Dorsey Wright Emerging Markets Momentum ETF has a one year low of $22.58 and a one year high of $35.17. The company’s fifty day moving average price is $32.08 and its 200-day moving average price is $29.83. The company has a market capitalization of $253.33 million, a price-to-earnings ratio of 13.79 and a beta of 0.83.

Invesco Dorsey Wright Emerging Markets Momentum ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.218 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.87 dividend on an annualized basis and a yield of 2.7%.

Invesco Dorsey Wright Emerging Markets Momentum ETF Company Profile

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.