Genesee Capital Advisors LLC Purchases New Position in Invesco Dorsey Wright Developed Markets Momentum ETF $PIZ

Genesee Capital Advisors LLC acquired a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 34,953 shares of the company’s stock, valued at approximately $1,666,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. lifted its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 143.5% in the 2nd quarter. Raymond James Financial Inc. now owns 300,914 shares of the company’s stock valued at $13,827,000 after purchasing an additional 177,328 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter worth $13,516,000. Royal Bank of Canada boosted its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 27.1% during the first quarter. Royal Bank of Canada now owns 217,141 shares of the company’s stock worth $8,268,000 after buying an additional 46,322 shares during the period. NWF Advisory Services Inc. purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the second quarter worth $2,782,000. Finally, Envestnet Asset Management Inc. increased its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 269.5% during the second quarter. Envestnet Asset Management Inc. now owns 48,836 shares of the company’s stock valued at $2,244,000 after acquiring an additional 35,618 shares during the last quarter.

Invesco Dorsey Wright Developed Markets Momentum ETF Trading Up 2.1%

Shares of PIZ opened at $53.68 on Wednesday. The company’s fifty day simple moving average is $49.32 and its 200-day simple moving average is $47.82. The company has a market cap of $587.80 million, a P/E ratio of 18.27 and a beta of 1.05. Invesco Dorsey Wright Developed Markets Momentum ETF has a twelve month low of $33.58 and a twelve month high of $53.87.

Invesco Dorsey Wright Developed Markets Momentum ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.2028 per share. This represents a $0.81 annualized dividend and a dividend yield of 1.5%. This is a boost from Invesco Dorsey Wright Developed Markets Momentum ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Monday, December 22nd.

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.