Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) Trading Down 1.4%

Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ – Get Rating) dropped 1.4% during trading on Wednesday . The company traded as low as $29.16 and last traded at $29.22. Approximately 23,992 shares traded hands during trading, an increase of 26% from the average daily volume of 19,036 shares. The stock had previously closed at $29.62.

Invesco DWA Developed Markets Momentum ETF Price Performance

The company has a market cap of $134.68 million, a price-to-earnings ratio of 10.44 and a beta of 1.00. The stock has a 50-day moving average price of $30.16 and a 200 day moving average price of $29.75.

Invesco DWA Developed Markets Momentum ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Tuesday, March 21st were given a dividend of $0.194 per share. The ex-dividend date of this dividend was Monday, March 20th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.62%. This is a positive change from Invesco DWA Developed Markets Momentum ETF’s previous quarterly dividend of $0.03.

Hedge Funds Weigh In On Invesco DWA Developed Markets Momentum ETF

A number of large investors have recently added to or reduced their stakes in PIZ. Prospera Financial Services Inc grew its position in Invesco DWA Developed Markets Momentum ETF by 234.2% in the fourth quarter. Prospera Financial Services Inc now owns 415,130 shares of the company’s stock valued at $11,399,000 after purchasing an additional 290,911 shares in the last quarter. Jane Street Group LLC grew its position in Invesco DWA Developed Markets Momentum ETF by 64.1% in the third quarter. Jane Street Group LLC now owns 300,445 shares of the company’s stock valued at $7,295,000 after purchasing an additional 117,383 shares in the last quarter. Del Sette Capital Management LLC bought a new position in Invesco DWA Developed Markets Momentum ETF in the fourth quarter valued at $4,608,000. Citadel Advisors LLC grew its position in Invesco DWA Developed Markets Momentum ETF by 37.5% in the second quarter. Citadel Advisors LLC now owns 152,087 shares of the company’s stock valued at $4,202,000 after purchasing an additional 41,439 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new position in Invesco DWA Developed Markets Momentum ETF during the third quarter valued at approximately $1,000,000.

About Invesco DWA Developed Markets Momentum ETF

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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.