Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Sets New 52-Week High – Time to Buy?

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $56.79 and last traded at $56.65, with a volume of 62540 shares. The stock had previously closed at $54.61.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Up 3.7%

The stock has a market capitalization of $778.94 million, a PE ratio of 18.27 and a beta of 1.09. The firm’s fifty day moving average is $52.53 and its 200-day moving average is $50.66.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PIZ. Garton & Associates Financial Advisors LLC purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter valued at about $41,000. Kestra Advisory Services LLC purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter valued at about $97,000. Flagship Wealth Advisors LLC purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter valued at about $122,000. Arax Advisory Partners purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter valued at about $133,000. Finally, BNP Paribas Financial Markets purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter valued at about $153,000.

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.