Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Trading Up 1.8% – Time to Buy?

Shares of Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) were up 1.8% during mid-day trading on Monday . The company traded as high as $28.97 and last traded at $28.89. Approximately 71,938 shares changed hands during mid-day trading, an increase of 57% from the average daily volume of 45,877 shares. The stock had previously closed at $28.39.

Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Up 1.8%

The business’s 50-day simple moving average is $26.75 and its 200-day simple moving average is $25.26. The stock has a market cap of $177.67 million, a PE ratio of 13.79 and a beta of 0.74.

Invesco Dorsey Wright Emerging Markets Momentum ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.0265 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.4%.

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

Hedge funds have recently modified their holdings of the company. Eagle Bay Advisors LLC purchased a new position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the fourth quarter valued at about $33,000. MGB Wealth Management LLC increased 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 valued at $42,000 after acquiring an additional 750 shares during the period. Sankala Group LLC purchased a new position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the fourth quarter valued at about $43,000. Founders Financial Alliance LLC increased its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 75.7% in the third quarter. Founders Financial Alliance LLC now owns 2,498 shares of the company’s stock valued at $61,000 after acquiring an additional 1,076 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the fourth quarter valued at about $82,000.

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.