Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Reaches New 12-Month High – Should You Buy?

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) reached a new 52-week high during trading on Monday . The stock traded as high as $54.25 and last traded at $54.2530, with a volume of 19387 shares trading hands. The stock had previously closed at $53.24.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

The stock has a market capitalization of $607.34 million, a PE ratio of 18.27 and a beta of 1.05. The firm’s 50 day moving average is $50.65 and its two-hundred day moving average is $48.36.

Invesco Dorsey Wright Developed Markets Momentum ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.2028 dividend. The ex-dividend date was Monday, December 22nd. This is an increase from Invesco Dorsey Wright Developed Markets Momentum ETF’s previous quarterly dividend of $0.03. This represents a $0.81 annualized dividend and a dividend yield of 1.5%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Spire Wealth Management acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter valued at about $79,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the fourth quarter worth approximately $122,000. BNP Paribas Financial Markets acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter valued at approximately $153,000. Geneos Wealth Management Inc. lifted its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 728.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,895 shares of the company’s stock worth $191,000 after acquiring an additional 3,425 shares during the last quarter. Finally, Thoroughbred Financial Services LLC acquired a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the 3rd quarter worth approximately $205,000.

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.