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

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) shares saw an uptick in trading volume on Friday . Approximately 143,258 shares traded hands during trading, an increase of 56% from the previous session’s volume of 91,753 shares.The stock last traded at $51.77 and had previously closed at $51.92.

Invesco Dorsey Wright Developed Markets Momentum ETF Trading Down 0.4%

The company has a 50 day moving average of $55.14 and a 200-day moving average of $53.75. The firm has a market capitalization of $726.53 million, a P/E ratio of 18.27 and a beta of 1.10.

Invesco Dorsey Wright Developed Markets Momentum ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.4503 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, June 22nd.

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

A number of hedge funds have recently bought and sold shares of the business. Garton & Associates Financial Advisors LLC acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter worth about $41,000. Kestra Advisory Services LLC bought a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the fourth quarter worth approximately $97,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter valued at approximately $122,000. Arax Advisory Partners acquired a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter valued at approximately $133,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter valued at approximately $153,000.

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.