Refined Wealth Management Lowers Stock Holdings in Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ)

Refined Wealth Management lessened its stake in Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) by 59.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,306 shares of the company’s stock after selling 45,157 shares during the quarter. Invesco DWA Developed Markets Momentum ETF comprises approximately 0.8% of Refined Wealth Management’s holdings, making the stock its 18th biggest holding. Refined Wealth Management’s holdings in Invesco DWA Developed Markets Momentum ETF were worth $1,044,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Lunt Capital Management Inc. lifted its holdings in shares of Invesco DWA Developed Markets Momentum ETF by 59.8% during the 4th quarter. Lunt Capital Management Inc. now owns 17,493 shares of the company’s stock valued at $556,000 after acquiring an additional 6,549 shares in the last quarter. Trueblood Wealth Management LLC bought a new stake in shares of Invesco DWA Developed Markets Momentum ETF in the 4th quarter worth about $797,000. Finally, PFG Investments LLC increased its position in shares of Invesco DWA Developed Markets Momentum ETF by 239.5% in the 4th quarter. PFG Investments LLC now owns 28,828 shares of the company’s stock worth $916,000 after purchasing an additional 20,336 shares during the last quarter.

Invesco DWA Developed Markets Momentum ETF Price Performance

Shares of NASDAQ:PIZ traded up $0.02 during trading on Tuesday, reaching $35.57. 9,010 shares of the company’s stock traded hands, compared to its average volume of 15,654. Invesco DWA Developed Markets Momentum ETF has a 12 month low of $27.16 and a 12 month high of $36.45. The company has a 50 day moving average of $35.08 and a 200-day moving average of $33.65. The stock has a market capitalization of $131.61 million, a P/E ratio of 20.28 and a beta of 1.00.

Invesco DWA Developed Markets Momentum ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a dividend of $0.2017 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Monday, June 24th. This is an increase from Invesco DWA Developed Markets Momentum ETF’s previous quarterly dividend of $0.09.

Invesco DWA Developed Markets Momentum ETF 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.