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

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $57.71 and last traded at $57.51, with a volume of 88999 shares traded. The stock had previously closed at $56.18.

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

The company’s 50 day simple moving average is $52.58 and its 200 day simple moving average is $50.78. The firm has a market cap of $790.76 million, a price-to-earnings ratio of 18.27 and a beta of 1.11.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.1519 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.61 annualized dividend and a dividend yield of 1.1%.

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

Several institutional investors have recently modified their holdings of PIZ. Garton & Associates Financial Advisors LLC acquired a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter worth $41,000. Kestra Advisory Services LLC acquired a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter worth $97,000. Flagship Wealth Advisors LLC acquired a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter worth $122,000. Arax Advisory Partners purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter worth approximately $133,000. Finally, BNP Paribas Financial Markets purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter worth 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.