Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Plans Dividend Increase – $0.20 Per Share

by · The Cerbat Gem

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ – Get Free Report) announced a quarterly dividend on Monday, December 22nd. Stockholders of record on Monday, December 22nd will be given a dividend of 0.2028 per share on Friday, December 26th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, December 22nd. This is a 650.6% increase from Invesco Dorsey Wright Developed Markets Momentum ETF’s previous quarterly dividend of $0.03.

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

Shares of NASDAQ:PIZ traded up $0.22 during trading on Monday, reaching $49.06. The stock had a trading volume of 81,256 shares, compared to its average volume of 50,253. The stock has a market capitalization of $485.69 million, a PE ratio of 18.27 and a beta of 1.05. Invesco Dorsey Wright Developed Markets Momentum ETF has a 52 week low of $33.58 and a 52 week high of $49.38. The business’s 50-day moving average price is $47.93 and its 200 day moving average price is $46.82.

Hedge Funds Weigh In On Invesco Dorsey Wright Developed Markets Momentum ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PIZ. Janney Montgomery Scott LLC grew its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 28.8% during the second quarter. Janney Montgomery Scott LLC now owns 19,014 shares of the company’s stock valued at $874,000 after purchasing an additional 4,251 shares during the last quarter. Cetera Investment Advisers bought a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter worth approximately $1,349,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 208.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 651 shares of the company’s stock worth $30,000 after buying an additional 440 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter valued at $13,516,000. Finally, NWF Advisory Services Inc. bought a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter valued at $2,782,000.

About Invesco Dorsey Wright 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. 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.

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