Wealth Enhancement Advisory Services LLC Has $26.28 Million Stock Position in Invesco Dorsey Wright Developed Markets Momentum ETF $PIZ

Wealth Enhancement Advisory Services LLC cut its position in Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 547,941 shares of the company’s stock after selling 16,006 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.06% of Invesco Dorsey Wright Developed Markets Momentum ETF worth $26,277,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PIZ. Royal Bank of Canada boosted its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 27.1% in the first quarter. Royal Bank of Canada now owns 217,141 shares of the company’s stock worth $8,268,000 after acquiring an additional 46,322 shares in the last quarter. Jane Street Group LLC raised its position in shares of 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 worth $1,525,000 after purchasing an additional 22,603 shares during the period. Financial Management Professionals Inc. bought a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter worth $1,694,000. Janney Montgomery Scott LLC grew its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 28.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 19,014 shares of the company’s stock valued at $874,000 after purchasing an additional 4,251 shares during the period. Finally, Consolidated Planning Corp bought a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF during the 2nd quarter valued at $2,085,000.

Invesco Dorsey Wright Developed Markets Momentum ETF Trading Up 0.7%

PIZ opened at $51.29 on Thursday. Invesco Dorsey Wright Developed Markets Momentum ETF has a 1-year low of $33.58 and a 1-year high of $51.49. The company has a market cap of $556.50 million, a price-to-earnings ratio of 18.27 and a beta of 1.05. The company’s fifty day moving average price is $48.92 and its two-hundred day moving average price is $47.61.

Invesco Dorsey Wright Developed Markets Momentum ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.2028 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.81 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from Invesco Dorsey Wright Developed Markets Momentum ETF’s previous quarterly dividend of $0.03.

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.