Steinberganna Wealth Management Sells 13,339 Shares of Invesco Dorsey Wright Developed Markets Momentum ETF $PIZ

Steinberganna Wealth Management reduced its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) by 49.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,828 shares of the company’s stock after selling 13,339 shares during the period. Steinberganna Wealth Management owned 0.11% of Invesco Dorsey Wright Developed Markets Momentum ETF worth $733,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Redstone Wealth Management LLC increased its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 4.8% during the third quarter. Redstone Wealth Management LLC now owns 88,782 shares of the company’s stock worth $4,709,000 after purchasing an additional 4,070 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 276.1% in the 3rd quarter. IFP Advisors Inc now owns 28,455 shares of the company’s stock valued at $1,509,000 after purchasing an additional 20,890 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 27.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 360,890 shares of the company’s stock valued at $18,464,000 after purchasing an additional 77,755 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter valued at $309,000. Finally, Lunt Capital Management Inc. purchased a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the 2nd quarter valued at $771,000.

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

Shares of NASDAQ PIZ opened at $48.34 on Monday. The stock has a market capitalization of $584.91 million, a PE ratio of 18.27 and a beta of 1.10. The firm has a fifty day moving average of $52.62 and a 200-day moving average of $54.16. Invesco Dorsey Wright Developed Markets Momentum ETF has a 52-week low of $45.74 and a 52-week high of $59.47.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were issued a $0.1275 dividend. The ex-dividend date was Monday, September 21st. This is a decrease from Invesco Dorsey Wright Developed Markets Momentum ETF’s previous quarterly dividend of $0.4502. This represents a $0.51 dividend on an annualized basis and a yield of 1.1%.

About Invesco Dorsey Wright Developed Markets Momentum ETF

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.