(PIZ) Invesco DWA Developed - Ratings and Ratios

The Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) is an exchange-traded fund that tracks a momentum-based index of large-cap stocks in developed markets outside the United States. The fund invests at least 90% of its assets in the securities that make up the underlying index, providing broad exposure to the momentum-driven segment of the international equity market.

As a Foreign Large Growth ETF, PIZ is likely to have a portfolio skewed towards companies with high growth potential, which may be more volatile than the broader market. The funds focus on momentum means it will tend to favor stocks with strong price appreciation, which can be an effective strategy in trending markets. With an AUM of $363.74M, PIZ has a moderate size, which can provide a reasonable balance between liquidity and trading costs.

From a performance perspective, PIZ has shown a strong uptrend, with its last price of $45.87 being close to its 52-week high of $45.95. The funds short-term and long-term moving averages (SMA20: $45.01, SMA50: $43.63, SMA200: $38.99) indicate a positive trend, with the shorter-term averages above the longer-term ones. The Average True Range (ATR) of 0.46 (1.01%) suggests moderate volatility, which is expected given the funds focus on momentum and growth stocks.

To further evaluate PIZ, some key performance indicators (KPIs) to consider include its expense ratio, tracking error, and dividend yield. A lower expense ratio would be desirable, as it would help minimize the drag on the funds performance. A low tracking error would indicate that the fund is effectively replicating its underlying index. The dividend yield, while potentially not a primary consideration for a growth-oriented ETF like PIZ, can still provide some income cushion and help reduce the funds overall volatility.