PFG Investments LLC Raises Stake in Invesco Dorsey Wright Developed Markets Momentum ETF $PIZ

PFG Investments LLC boosted its stake in Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) by 183.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,443 shares of the company’s stock after purchasing an additional 11,926 shares during the quarter. PFG Investments LLC’s holdings in Invesco Dorsey Wright Developed Markets Momentum ETF were worth $913,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Garton & Associates Financial Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the fourth quarter valued at about $41,000. Kestra Advisory Services LLC bought a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter valued at approximately $97,000. Flagship Wealth Advisors LLC purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the fourth quarter valued at approximately $122,000. Arax Advisory Partners purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the fourth quarter valued at approximately $133,000. Finally, BNP Paribas Financial Markets bought a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF during the 2nd quarter worth approximately $153,000.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

NASDAQ PIZ traded down $1.43 on Tuesday, hitting $53.69. The stock had a trading volume of 2,474 shares, compared to its average volume of 94,465. Invesco Dorsey Wright Developed Markets Momentum ETF has a 52-week low of $44.76 and a 52-week high of $59.47. The company has a market capitalization of $746.29 million, a price-to-earnings ratio of 18.27 and a beta of 1.10. The firm has a 50-day moving average of $56.37 and a 200-day moving average of $53.42.

Invesco Dorsey Wright Developed Markets Momentum ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a $0.4503 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.80 annualized dividend and a dividend yield of 3.4%.

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.