Redstone Wealth Management LLC Invests $3.20 Million in Invesco Dorsey Wright Developed Markets Momentum ETF $PIZ

Redstone Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) during the first quarter, Holdings Channel reports. The institutional investor purchased 64,576 shares of the company’s stock, valued at approximately $3,198,000. Invesco Dorsey Wright Developed Markets Momentum ETF makes up approximately 2.5% of Redstone Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position.

Several other large investors have also recently bought and sold shares of PIZ. Garton & Associates Financial Advisors LLC purchased a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter worth about $41,000. Kestra Advisory Services LLC acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter worth about $97,000. Flagship Wealth Advisors LLC purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter valued at about $122,000. Arax Advisory Partners purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter valued at about $133,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter valued at about $153,000.

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

Shares of PIZ opened at $57.50 on Friday. The business’s 50-day moving average is $56.27 and its 200-day moving average is $52.83. The company has a market capitalization of $790.62 million, a price-to-earnings ratio of 18.27 and a beta of 1.10. Invesco Dorsey Wright Developed Markets Momentum ETF has a fifty-two week low of $43.85 and a fifty-two week high of $59.47.

Invesco Dorsey Wright Developed Markets Momentum ETF Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 22nd will be given a dividend of $0.4503 per share. The ex-dividend date of this dividend is Monday, June 22nd.

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.