Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Stock Price Up 2% – Should You Buy?

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

Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Performance

The stock has a 50-day moving average of $33.25 and a two-hundred day moving average of $31.57. The company has a market cap of $263.21 million, a P/E ratio of 13.79 and a beta of 0.84.

Invesco Dorsey Wright Emerging Markets Momentum ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were paid a $0.2575 dividend. This is an increase from Invesco Dorsey Wright Emerging Markets Momentum ETF’s previous quarterly dividend of $0.2180. This represents a $1.03 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, September 21st.

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

Several large investors have recently modified their holdings of PIE. NewEdge Advisors LLC grew its position in Invesco Dorsey Wright Emerging Markets Momentum ETF by 12,580.9% during the 1st quarter. NewEdge Advisors LLC now owns 8,623 shares of the company’s stock valued at $224,000 after purchasing an additional 8,555 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 42.2% in the first quarter. Royal Bank of Canada now owns 73,019 shares of the company’s stock worth $1,901,000 after buying an additional 21,658 shares in the last quarter. Barometer Capital Management Inc. bought a new position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the first quarter worth approximately $601,000. Nicholson Wealth Management Group LLC purchased a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF during the first quarter valued at approximately $262,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF during the first quarter valued at approximately $143,000.

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.