Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Reaches New 12-Month High – Should You Buy?

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $50.61 and last traded at $50.4850, with a volume of 18800 shares. The stock had previously closed at $50.30.

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

The stock has a market cap of $543.74 million, a price-to-earnings ratio of 18.27 and a beta of 1.05. The firm has a 50 day simple moving average of $48.46 and a two-hundred day simple moving average of $47.30.

Invesco Dorsey Wright Developed Markets Momentum ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.2028 per share. This represents a $0.81 annualized dividend and a dividend yield of 1.6%. 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, December 22nd.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of PIZ. Private Client Services LLC raised its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 12.5% in the fourth quarter. Private Client Services LLC now owns 4,950 shares of the company’s stock valued at $242,000 after purchasing an additional 550 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 14.6% in the third quarter. Advisory Services Network LLC now owns 10,153 shares of the company’s stock valued at $484,000 after buying an additional 1,291 shares during the period. Del Sette Capital Management LLC increased its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 9.9% in the third quarter. Del Sette Capital Management LLC now owns 80,375 shares of the company’s stock valued at $3,832,000 after buying an additional 7,256 shares during the period. NewEdge Advisors LLC raised its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 37,252.9% in the 3rd quarter. NewEdge Advisors LLC now owns 26,147 shares of the company’s stock valued at $1,247,000 after buying an additional 26,077 shares during the last quarter. Finally, Axiom Financial Strategies LLC acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF during the 3rd quarter worth approximately $11,232,000.

Invesco Dorsey Wright Developed Markets Momentum ETF Company 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. 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.