Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Sees Strong Trading Volume – Here’s What Happened

Shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) saw unusually-strong trading volume on Wednesday. Approximately 99,780 shares were traded during trading, an increase of 14% from the previous session’s volume of 87,424 shares. The stock last traded at $51.2070 and had previously closed at $52.46.

Invesco Dorsey Wright Developed Markets Momentum ETF Trading Down 2.4%

The firm’s 50 day simple moving average is $53.34 and its two-hundred day simple moving average is $54.07. The firm has a market cap of $640.86 million, a price-to-earnings ratio of 18.27 and a beta of 1.10.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a dividend of $0.1275 per share. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.0%. This is a negative change from Invesco Dorsey Wright Developed Markets Momentum ETF’s previous quarterly dividend of $0.4502. The ex-dividend date was Monday, September 21st.

Hedge Funds Weigh In On Invesco Dorsey Wright Developed Markets Momentum ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Baird Financial Group Inc. purchased a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter worth about $3,429,000. NewEdge Advisors LLC boosted its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 35.6% during the second quarter. NewEdge Advisors LLC now owns 44,925 shares of the company’s stock worth $2,317,000 after purchasing an additional 11,797 shares during the period. Formidable Asset Management LLC boosted its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 133.9% during the first quarter. Formidable Asset Management LLC now owns 19,100 shares of the company’s stock worth $936,000 after purchasing an additional 10,935 shares during the period. Lunt Capital Management Inc. purchased a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter worth about $771,000. Finally, PFG Investments LLC raised its position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 183.0% in the first quarter. PFG Investments LLC now owns 18,443 shares of the company’s stock valued at $913,000 after purchasing an additional 11,926 shares during the period.

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.