Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Sets New 52-Week High – Still a Buy?

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) hit a new 52-week high during trading on Tuesday . The company traded as high as $55.93 and last traded at $55.93, with a volume of 8282 shares trading hands. The stock had previously closed at $54.85.

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

The stock has a market capitalization of $757.45 million, a PE ratio of 18.27 and a beta of 1.09. The firm’s 50 day simple moving average is $52.08 and its 200 day simple moving average is $50.01.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.1519 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, March 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have 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 in the 4th quarter valued at about $41,000. Kestra Advisory Services LLC purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter worth approximately $97,000. Flagship Wealth Advisors LLC bought a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter valued at approximately $122,000. Arax Advisory Partners purchased a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the fourth quarter valued at approximately $133,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter worth approximately $153,000.

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.