On September 17, 2023, it was reported that Savior LLC had significantly reduced its position in the Invesco DWA Emerging Markets Momentum ETF (NASDAQ:PIE) during the second quarter. The investment firm stated in its most recent filing with the Securities and Exchange Commission (SEC) that it had sold 148,729 shares, resulting in a reduction of its holdings by 92.2%. As a result, Savior LLC now possesses 12,561 shares of the company’s stock.
This move by Savior LLC is noteworthy as it indicates a shift in their investment strategy within the emerging markets segment. The Invesco DWA Emerging Markets Momentum ETF has become only about 1.0% of Savior LLC’s portfolio after this significant sell-off, making it their 22nd largest holding.
At the end of the most recent reporting period covered by the filing, Savior LLC estimated that their remaining stake in Invesco DWA Emerging Markets Momentum ETF is valued at approximately $238,000. This figure represents around 0.15% ownership of the overall financial worth of the ETF.
It remains unclear what factors influenced Savior LLC’s decision to reduce their position in this particular emerging markets ETF. Market conditions and performance evaluations may have played a role in their reevaluation of investment opportunities within this sector.
The Invesco DWA Emerging Markets Momentum ETF seeks to track the performance of companies across various emerging markets regions based on relative strength characteristics. Its goal is to identify those businesses that exhibit upward momentum and potential for future growth.
Investors who closely follow Savior LLC’s activities may find interest in evaluating their motivations for adjusting their holdings within emerging markets investments such as this specific ETF. Many individual and institutional investors rely on these positions as part of diversified portfolios or targeted exposure to specific segments or regions.
Nevertheless, with any investment decisions made by prominent firms like Savior LLC, it is essential to carefully consider one’s own investment goals, risk tolerance, and market research. This recent reduction in Savior LLC’s position within the Invesco DWA Emerging Markets Momentum ETF serves as a reminder that even seasoned investors continuously assess their portfolios to align them with their evolving strategies.
Invesco DWA Emerging Markets Momentum ETFPIE
Updated on: 18/09/2023
Recent Institutional Investor Activities in Invesco DWA Emerging Markets Momentum ETF: A Stable Trading Pattern Amidst Ownership Changes
Institutional investors continue to have an impact on the shares of Invesco DWA Emerging Markets Momentum ETF, as indicated by recent activities. Ameritas Advisory Services LLC entered the market during the first quarter, acquiring a new stake in the company valued at $27,000. Similarly, Janney Montgomery Scott LLC also bought a new stake during this period, but at a higher value of $207,000.
Blair William & Co. IL decided to increase its position in Invesco DWA Emerging Markets Momentum ETF by 6.7% during the first quarter. The company now owns 11,294 shares of the stock with an estimated value of $209,000. Daymark Wealth Partners LLC followed suit and added to their holding by purchasing a new stake worth $226,000.
Cetera Advisor Networks LLC took it a step further and boosted their position by 14.4% during the same period. The firm now owns 12,256 shares of Invesco DWA Emerging Markets Momentum ETF valued at $286,000.
Despite these notable developments in ownership interests, the trading activity surrounding Invesco DWA Emerging Markets Momentum ETF has remained relatively stable recently. On Friday’s trading session, shares of NASDAQ:PIE experienced a slight decline of $0.16, closing at $19.19 per share. The level of traded shares was relatively low with only 1,347 transactions compared to an average volume of 42,173.
Considering its performance over time, Invesco DWA Emerging Markets Momentum ETF has maintained steady movement within defined ranges. Its 50-day moving average stands at $19.51 while the two-hundred-day moving average is slightly lower at $18.86 per share. With regards to market capitalization, the company currently holds a value of approximately $154.48 million.
The price-to-earnings (PE) ratio for Invesco DWA Emerging Markets Momentum ETF is 10.29, indicating a relatively modest valuation compared to other companies in the same sector. The company’s beta of 0.79 signifies a moderate level of volatility in relation to the broader market.
Investors interested in Invesco DWA Emerging Markets Momentum ETF should carefully review the latest 13F filings and insider trades to gain further insights into other hedge funds’ holdings and recent activities. For detailed information on these matters, it is recommended to visit HoldingsChannel.com, where up-to-date information can be found.
In conclusion, while it is evident that there has been considerable transaction activity among institutional investors with regards to Invesco DWA Emerging Markets Momentum ETF, the overall trading patterns and stock performance have remained relatively stable. As always, investors considering investments in this company are advised to conduct thorough research and analysis before making any decisions.
Note: The referenced date for this article is September 17, 2023.
