Wells Fargo & Company MN Acquires 839,290 Shares of Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ)

Wells Fargo & Company MN raised its holdings in Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) by 417.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,040,526 shares of the company’s stock after purchasing an additional 839,290 shares during the quarter. Wells Fargo & Company MN owned 0.21% of Invesco DWA Developed Markets Momentum ETF worth $37,787,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of PIZ. Raymond James Financial Inc. bought a new position in shares of Invesco DWA Developed Markets Momentum ETF during the fourth quarter worth approximately $5,463,000. LPL Financial LLC increased its stake in shares of Invesco DWA Developed Markets Momentum ETF by 249.6% during the fourth quarter. LPL Financial LLC now owns 101,064 shares of the company’s stock worth $3,670,000 after purchasing an additional 72,152 shares during the period. Independent Advisor Alliance bought a new position in shares of Invesco DWA Developed Markets Momentum ETF during the fourth quarter worth approximately $521,000. Global Retirement Partners LLC bought a new position in shares of Invesco DWA Developed Markets Momentum ETF during the fourth quarter worth approximately $297,000. Finally, Avantax Advisory Services Inc. bought a new position in shares of Invesco DWA Developed Markets Momentum ETF during the fourth quarter worth approximately $295,000.

Invesco DWA Developed Markets Momentum ETF Trading Down 2.2 %

Shares of NASDAQ PIZ opened at $37.08 on Friday. The business’s 50 day moving average is $38.78 and its 200-day moving average is $37.89. Invesco DWA Developed Markets Momentum ETF has a 1-year low of $32.68 and a 1-year high of $40.48. The firm has a market cap of $190.96 million, a P/E ratio of 19.68 and a beta of 1.00.

Invesco DWA Developed Markets Momentum ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.1504 per share. The ex-dividend date was Monday, March 24th.

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.