64,576 Shares in Invesco Dorsey Wright Developed Markets Momentum ETF $PIZ Bought by Redstone Wealth Management LLC

Redstone Wealth Management LLC bought a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 64,576 shares of the company’s stock, valued at approximately $3,198,000. Invesco Dorsey Wright Developed Markets Momentum ETF accounts for about 2.5% of Redstone Wealth Management LLC’s investment portfolio, making the stock its 12th largest holding. Redstone Wealth Management LLC owned approximately 0.48% of Invesco Dorsey Wright Developed Markets Momentum ETF at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Royal Bank of Canada increased its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 27.1% in the 1st quarter. Royal Bank of Canada now owns 217,141 shares of the company’s stock worth $8,268,000 after purchasing an additional 46,322 shares in the last quarter. Jane Street Group LLC lifted its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 129.5% during the first quarter. Jane Street Group LLC now owns 40,053 shares of the company’s stock valued at $1,525,000 after buying an additional 22,603 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 23,826.5% in the second quarter. JPMorgan Chase & Co. now owns 35,172 shares of the company’s stock worth $1,616,000 after buying an additional 35,025 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 143.5% in the second quarter. Raymond James Financial Inc. now owns 300,914 shares of the company’s stock worth $13,827,000 after buying an additional 177,328 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 1.0% in the second quarter. Bank of America Corp DE now owns 25,182 shares of the company’s stock worth $1,157,000 after buying an additional 239 shares during the period.

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

Invesco Dorsey Wright Developed Markets Momentum ETF stock opened at $57.50 on Friday. Invesco Dorsey Wright Developed Markets Momentum ETF has a fifty-two week low of $43.85 and a fifty-two week high of $59.47. The firm’s 50 day simple moving average is $56.27 and its 200-day simple moving average is $52.83. The company has a market cap of $790.62 million, a P/E ratio of 18.27 and a beta of 1.10.

Invesco Dorsey Wright Developed Markets Momentum ETF Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 22nd will be paid a $0.4503 dividend. The ex-dividend date of this dividend is Monday, June 22nd.

About Invesco Dorsey Wright Developed Markets Momentum ETF

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.