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The Invesco Dorsey Wright Developed Markets Momentum ETF offers a 100-stock, high-momentum portfolio with strong growth metrics and broad geographic diversification. PIZ is heavily concentrated in financials (39.6%) and industrials (34.2%), with moderate company-specific risk. While PIZ has outperformed the benchmark IDEV and a number of peers over the past years, it carries higher volatility and expense ratio.
Genesee Capital Advisors LLC acquired a new position in Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ: PIZ) in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 34,953 shares of the company's stock, valued at approximately $1,666,000. Genesee Capital Advisors LLC
Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ: PIZ - Get Free Report)'s share price hit a new 52-week high during trading on Friday. The company traded as high as $50.61 and last traded at $50.4850, with a volume of 18800 shares. The stock had previously closed at $50.30. Invesco Dorsey Wright Developed Markets Momentum
Cetera Investment Advisers purchased a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ: PIZ) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 29,353 shares of the company's stock, valued at approximately $1,349,000. Cetera
Spire Wealth Management bought a new position in Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ: PIZ) during the second quarter, according to its most recent filing with the SEC. The firm bought 1,729 shares of the company's stock, valued at approximately $79,000. A number of other large investors also recently modified their
Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ) is rated Hold due to high risk and liquidity concerns despite its momentum strategy. PIZ outperforms ACWX in short-term and some long-term periods, but elevated volatility and maximum drawdowns weaken its risk-adjusted appeal. The ETF's high turnover, portfolio concentration, and expensive valuation metrics add to downside risk, especially during market stress.
For investors seeking momentum, Invesco Dorsey Wright Developed Markets Momentum ETF PIZ is probably on the radar. The fund just hit a 52-week high and is up 29.1% from its 52-week low price of $32.87/share.
A total of nine funds launched during the week ending Sept. 1, thus a dip after the 17 ETF launches last week but not unusual in the leadup to a holiday weekend.