Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Shares Climb 2% – Here’s Why

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) rose 2% during mid-day trading on Monday. The stock traded as high as $35.60 and last traded at $35.48. 48,718 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 62,353 shares. The stock had previously closed at $34.77.

Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Up 2.0%

The firm has a fifty day simple moving average of $33.12 and a 200-day simple moving average of $31.51. The company has a market cap of $266.10 million, a PE ratio of 13.79 and a beta of 0.84.

Invesco Dorsey Wright Emerging Markets Momentum ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a dividend of $0.2575 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.03 annualized dividend and a yield of 2.9%. This is a boost from Invesco Dorsey Wright Emerging Markets Momentum ETF’s previous quarterly dividend of $0.2180.

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

Large investors have recently bought and sold shares of the company. Sankala Group LLC acquired a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF in the fourth quarter valued at about $43,000. Fifth Third Bancorp acquired a new position in Invesco Dorsey Wright Emerging Markets Momentum ETF during the 1st quarter worth approximately $143,000. NewEdge Advisors LLC raised its stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 12,580.9% during the 1st quarter. NewEdge Advisors LLC now owns 8,623 shares of the company’s stock worth $224,000 after buying an additional 8,555 shares in the last quarter. Nicholson Wealth Management Group LLC purchased a new position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF during the 1st quarter worth approximately $262,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the 1st quarter valued at approximately $353,000.

Invesco Dorsey Wright Emerging Markets Momentum ETF Company Profile

PowerShares DWA Emerging Markets Technical Leaders Portfolio (the Fund) is based on the Dorsey Wright Emerging Markets Technical Leaders Index (the Index). The Fund normally invest at least 80% of its total assets in securities of emerging economies within Dorsey Wright & Associates’ classification definition, excluding companies listed on a U.S. stock exchange. The Index includes approximately 100 companies that possess relative strength characteristics and are domiciled in emerging market countries including, but not limited to Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Malaysia, Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey.