Invesco Dorsey Wright Developed Markets Momentum ETF $PIZ Position Increased by Formidable Asset Management LLC

Formidable Asset Management LLC boosted its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) by 133.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,100 shares of the company’s stock after purchasing an additional 10,935 shares during the quarter. Formidable Asset Management LLC owned approximately 0.14% of Invesco Dorsey Wright Developed Markets Momentum ETF worth $936,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC lifted its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 6.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,538 shares of the company’s stock valued at $173,000 after buying an additional 222 shares during the last quarter. Bank of America Corp DE grew its position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 1.0% during the second quarter. Bank of America Corp DE now owns 25,182 shares of the company’s stock worth $1,157,000 after acquiring an additional 239 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 5.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,673 shares of the company’s stock worth $327,000 after acquiring an additional 328 shares during the last quarter. Mainstay Capital Management LLC ADV increased its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 8.2% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 4,927 shares of the company’s stock worth $241,000 after acquiring an additional 372 shares during the period. Finally, Trueblood Wealth Management LLC increased its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 1.9% in the 4th quarter. Trueblood Wealth Management LLC now owns 20,587 shares of the company’s stock worth $1,008,000 after acquiring an additional 383 shares during the period.

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

Shares of NASDAQ:PIZ opened at $54.78 on Monday. The company has a market cap of $753.23 million, a PE ratio of 18.27 and a beta of 1.10. The company’s 50-day moving average price is $56.37 and its 200 day moving average price is $53.15. Invesco Dorsey Wright Developed Markets Momentum ETF has a fifty-two week low of $44.76 and a fifty-two week high of $59.47.

Invesco Dorsey Wright Developed Markets Momentum ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.4503 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, June 22nd.

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.