Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $30.66 and traded as low as $29.88. Invesco Dorsey Wright Emerging Markets Momentum ETF shares last traded at $29.96, with a volume of 99,278 shares traded.

Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Down 2.9%

The company has a market cap of $238.18 million, a price-to-earnings ratio of 13.79 and a beta of 0.84. The stock has a fifty day moving average price of $33.64 and a two-hundred day moving average price of $30.66.

Invesco Dorsey Wright Emerging Markets Momentum ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were paid a $0.2575 dividend. This represents a $1.03 annualized dividend and a dividend yield of 3.4%. This is a boost from Invesco Dorsey Wright Emerging Markets Momentum ETF’s previous quarterly dividend of $0.2180. The ex-dividend date was Monday, September 21st.

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

Hedge funds have recently bought and sold shares of the business. IFP Advisors Inc bought a new position in Invesco Dorsey Wright Emerging Markets Momentum ETF during the third quarter worth about $27,000. Fifth Third Bancorp acquired a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF in the 1st quarter worth about $143,000. NewEdge Advisors LLC boosted its holdings in Invesco Dorsey Wright Emerging Markets Momentum ETF by 12,580.9% in the 1st quarter. NewEdge Advisors LLC now owns 8,623 shares of the company’s stock valued at $224,000 after purchasing an additional 8,555 shares during the period. Nicholson Wealth Management Group LLC bought a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF in the 1st quarter valued at about $262,000. Finally, StoneX Group Inc. bought a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF in the 3rd quarter valued at about $357,000.

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.