Independent Advisor Alliance Acquires Shares of 14,343 Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ)

Independent Advisor Alliance acquired a new stake in Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 14,343 shares of the company’s stock, valued at approximately $521,000. Independent Advisor Alliance owned 0.30% of Invesco DWA Developed Markets Momentum ETF at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC grew its stake in Invesco DWA Developed Markets Momentum ETF by 9.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,471 shares of the company’s stock valued at $162,000 after purchasing an additional 392 shares during the period. Global Retirement Partners LLC bought a new position in Invesco DWA Developed Markets Momentum ETF in the 4th quarter valued at $297,000. Lunt Capital Management Inc. bought a new position in shares of Invesco DWA Developed Markets Momentum ETF during the 4th quarter worth $293,000. Apollon Wealth Management LLC bought a new position in shares of Invesco DWA Developed Markets Momentum ETF during the 3rd quarter worth $204,000. Finally, Raymond James Financial Inc. bought a new position in shares of Invesco DWA Developed Markets Momentum ETF during the 4th quarter worth $5,463,000.

Invesco DWA Developed Markets Momentum ETF Stock Performance

PIZ stock opened at $39.82 on Tuesday. The company has a market capitalization of $193.13 million, a price-to-earnings ratio of 19.94 and a beta of 1.00. Invesco DWA Developed Markets Momentum ETF has a fifty-two week low of $32.68 and a fifty-two week high of $40.48. The stock has a fifty day moving average of $38.56 and a 200-day moving average of $37.73.

Invesco DWA Developed Markets Momentum ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.2876 per share. The ex-dividend date was Monday, December 23rd.

Invesco DWA 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.