LPL Financial LLC Sells 17,797 Shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ)

LPL Financial LLC lowered its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) by 17.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 83,267 shares of the company’s stock after selling 17,797 shares during the quarter. LPL Financial LLC owned approximately 1.30% of Invesco Dorsey Wright Developed Markets Momentum ETF worth $3,171,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 12.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 712,320 shares of the company’s stock valued at $25,868,000 after buying an additional 76,472 shares during the period. Systelligence LLC bought a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the first quarter valued at about $9,740,000. Raymond James Financial Inc. bought a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the fourth quarter valued at about $5,463,000. Del Sette Capital Management LLC grew its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 685.8% during the first quarter. Del Sette Capital Management LLC now owns 80,564 shares of the company’s stock valued at $3,068,000 after buying an additional 70,311 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 2.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,705 shares of the company’s stock valued at $712,000 after buying an additional 368 shares during the period.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Down 0.1%

NASDAQ PIZ opened at $46.31 on Friday. The firm’s 50-day simple moving average is $45.64 and its two-hundred day simple moving average is $42.15. Invesco Dorsey Wright Developed Markets Momentum ETF has a 52 week low of $33.58 and a 52 week high of $46.85. The company has a market cap of $407.53 million, a PE ratio of 18.27 and a beta of 1.00.

Invesco Dorsey Wright Developed Markets Momentum ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.3806 per share. This is a boost from Invesco Dorsey Wright Developed Markets Momentum ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Monday, June 23rd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.3%.

Invesco Dorsey Wright Developed Markets Momentum ETF Profile

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.