Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) shares saw unusually-strong trading volume on Monday . Approximately 383,770 shares were traded during trading, an increase of 317% from the previous session’s volume of 92,117 shares.The stock last traded at $53.50 and had previously closed at $53.80.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

The firm has a 50-day moving average price of $53.59 and a two-hundred day moving average price of $54.00. The firm has a market cap of $751.67 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 business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.4503 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 3.4%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Highland Investment Advisors LLC purchased a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter valued at $29,000. Willner & Heller LLC boosted its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 75.6% in the second quarter. Willner & Heller LLC now owns 8,992 shares of the company’s stock valued at $503,000 after acquiring an additional 3,872 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 13.6% in the first quarter. NewEdge Advisors LLC now owns 33,128 shares of the company’s stock valued at $1,641,000 after acquiring an additional 3,969 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 6.1% during the first quarter. Royal Bank of Canada now owns 612,716 shares of the company’s stock worth $30,342,000 after purchasing an additional 35,439 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 17.0% during the first quarter. Quantinno Capital Management LP now owns 13,279 shares of the company’s stock worth $658,000 after purchasing an additional 1,925 shares during the last quarter.

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.