Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Sees Unusually-High Trading Volume – Time to Buy?

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) shares saw unusually-high trading volume on Wednesday . 192,425 shares were traded during trading, an increase of 108% from the previous session’s volume of 92,644 shares.The stock last traded at $54.02 and had previously closed at $53.57.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

The business has a fifty day simple moving average of $54.28 and a 200 day simple moving average of $53.85. The stock has a market capitalization of $754.49 million, a price-to-earnings ratio of 18.27 and a beta of 1.11.

Invesco Dorsey Wright Developed Markets Momentum ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.4503 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, June 22nd.

Institutional Inflows and Outflows

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

About Invesco Dorsey Wright Developed Markets Momentum ETF

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.