Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) Trading Down 0.7% – What’s Next?

Shares of Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) traded down 0.7% on Monday . The company traded as low as $39.19 and last traded at $39.19. 4,933 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 30,878 shares. The stock had previously closed at $39.46.

Invesco DWA Developed Markets Momentum ETF Price Performance

The firm has a 50-day simple moving average of $37.76 and a 200-day simple moving average of $37.39. The firm has a market capitalization of $190.07 million, a PE ratio of 20.88 and a beta of 1.00.

Invesco DWA Developed Markets Momentum ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $0.2876 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PIZ. Steward Partners Investment Advisory LLC increased its stake in shares of Invesco DWA Developed Markets Momentum ETF by 9.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,471 shares of the company’s stock worth $162,000 after purchasing an additional 392 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in Invesco DWA Developed Markets Momentum ETF during the third quarter valued at about $204,000. Comerica Bank increased its position in Invesco DWA Developed Markets Momentum ETF by 24.5% in the fourth quarter. Comerica Bank now owns 6,337 shares of the company’s stock worth $230,000 after buying an additional 1,246 shares in the last quarter. Lunt Capital Management Inc. bought a new position in shares of Invesco DWA Developed Markets Momentum ETF in the fourth quarter worth about $293,000. Finally, Avantax Advisory Services Inc. purchased a new position in shares of Invesco DWA Developed Markets Momentum ETF during the 4th quarter valued at about $295,000.

Invesco DWA 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.