Invesco Dorsey Wright Developed Markets Momentum ETF $PIZ Stock Sold by Wagner Wealth Management Corp

Wagner Wealth Management Corp lessened its position in Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) by 56.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 68,006 shares of the company’s stock after selling 89,142 shares during the quarter. Invesco Dorsey Wright Developed Markets Momentum ETF accounts for approximately 2.8% of Wagner Wealth Management Corp’s portfolio, making the stock its 8th biggest position. Wagner Wealth Management Corp’s holdings in Invesco Dorsey Wright Developed Markets Momentum ETF were worth $3,607,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Bank of Canada lifted its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 6.1% during the 1st quarter. Royal Bank of Canada now owns 612,716 shares of the company’s stock worth $30,342,000 after acquiring an additional 35,439 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 27.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 360,890 shares of the company’s stock valued at $18,464,000 after acquiring an additional 77,755 shares during the period. Cetera Investment Advisers grew its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 96.4% in the 1st quarter. Cetera Investment Advisers now owns 146,141 shares of the company’s stock valued at $7,237,000 after acquiring an additional 71,727 shares in the last quarter. Redstone Wealth Management LLC grew its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 4.8% in the 3rd quarter. Redstone Wealth Management LLC now owns 88,782 shares of the company’s stock valued at $4,709,000 after acquiring an additional 4,070 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter valued at about $3,429,000.

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

Shares of NASDAQ:PIZ opened at $50.11 on Wednesday. The firm has a market capitalization of $618.86 million, a PE ratio of 18.27 and a beta of 1.10. The firm’s 50-day moving average is $52.93 and its two-hundred day moving average is $54.18. Invesco Dorsey Wright Developed Markets Momentum ETF has a 1 year low of $45.74 and a 1 year high of $59.47.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were paid a $0.1275 dividend. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from Invesco Dorsey Wright Developed Markets Momentum ETF’s previous quarterly dividend of $0.4502. This represents a $0.51 annualized dividend and a dividend yield of 1.0%.

Invesco Dorsey Wright 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. 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.