Avantax Advisory Services Inc. Makes New $295,000 Investment in Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ)

Avantax Advisory Services Inc. purchased a new stake in Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) during the 4th quarter, HoldingsChannel reports. The fund purchased 8,125 shares of the company’s stock, valued at approximately $295,000.

A number of other institutional investors also recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in shares of Invesco DWA Developed Markets Momentum ETF during the 4th quarter valued at $5,463,000. Independent Advisor Alliance purchased a new position in Invesco DWA Developed Markets Momentum ETF in the 4th quarter worth approximately $521,000. Global Retirement Partners LLC bought a new stake in Invesco DWA Developed Markets Momentum ETF in the 4th quarter worth $297,000. Lunt Capital Management Inc. bought a new stake in shares of Invesco DWA Developed Markets Momentum ETF in the 4th quarter worth approximately $293,000. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of 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 worth $162,000 after purchasing an additional 392 shares during the period.

Invesco DWA Developed Markets Momentum ETF Stock Performance

PIZ stock opened at $39.68 on Wednesday. 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 company has a market capitalization of $192.45 million, a price-to-earnings ratio of 19.94 and a beta of 1.00. The business’s 50 day moving average price is $38.94 and its two-hundred day moving average price is $37.85.

Invesco DWA Developed Markets Momentum ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be paid a $0.1504 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.