Invesco Dorsey Wright Developed Markets Momentum ETF $PIZ Stake Lessened by Steinberganna Wealth Management

Steinberganna Wealth Management lowered its position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) by 49.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 13,828 shares of the company’s stock after selling 13,339 shares during the quarter. Steinberganna Wealth Management’s holdings in Invesco Dorsey Wright Developed Markets Momentum ETF were worth $733,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PIZ. Redstone Wealth Management LLC lifted its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 4.8% during the third quarter. Redstone Wealth Management LLC now owns 88,782 shares of the company’s stock valued at $4,709,000 after buying an additional 4,070 shares in the last quarter. IFP Advisors Inc grew its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 276.1% during the third quarter. IFP Advisors Inc now owns 28,455 shares of the company’s stock worth $1,509,000 after buying an additional 20,890 shares during the period. Envestnet Asset Management Inc. grew its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 27.5% during the second quarter. Envestnet Asset Management Inc. now owns 360,890 shares of the company’s stock worth $18,464,000 after buying an additional 77,755 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter worth $309,000. Finally, Lunt Capital Management Inc. acquired a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter worth $771,000.

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

Invesco Dorsey Wright Developed Markets Momentum ETF stock opened at $48.34 on Monday. The firm has a fifty day moving average of $52.62 and a 200-day moving average of $54.16. Invesco Dorsey Wright Developed Markets Momentum ETF has a 52-week low of $45.74 and a 52-week high of $59.47. The firm has a market capitalization of $584.91 million, a P/E ratio of 18.27 and a beta of 1.10.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a dividend of $0.1275 per share. This is a negative change from Invesco Dorsey Wright Developed Markets Momentum ETF’s previous quarterly dividend of $0.4502. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.51 dividend on an annualized basis and a yield of 1.1%.

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.