Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Sets New 1-Year Low – Here’s Why

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $76.41 and last traded at $76.54, with a volume of 16278 shares traded. The stock had previously closed at $79.55.

Invesco DWA SmallCap Momentum ETF Trading Down 5.2 %

The stock has a 50 day simple moving average of $90.24 and a 200-day simple moving average of $92.97. The firm has a market capitalization of $662.14 million, a P/E ratio of 18.44 and a beta of 1.14.

Invesco DWA SmallCap Momentum ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.0731 per share. The ex-dividend date was Monday, December 23rd. This is a boost from Invesco DWA SmallCap Momentum ETF’s previous dividend of $0.05.

Institutional Trading of Invesco DWA SmallCap Momentum ETF

Several hedge funds have recently bought and sold shares of DWAS. Raymond James Financial Inc. purchased a new position in shares of Invesco DWA SmallCap Momentum ETF during the 4th quarter valued at about $24,961,000. Wells Fargo & Company MN boosted its position in shares of Invesco DWA SmallCap Momentum ETF by 13.3% in the fourth quarter. Wells Fargo & Company MN now owns 255,378 shares of the company’s stock worth $23,313,000 after purchasing an additional 29,937 shares during the period. Vise Technologies Inc. boosted its holdings in Invesco DWA SmallCap Momentum ETF by 507.3% in the 4th quarter. Vise Technologies Inc. now owns 33,778 shares of the company’s stock worth $3,084,000 after buying an additional 28,216 shares during the period. Independent Advisor Alliance purchased a new position in Invesco DWA SmallCap Momentum ETF in the 4th quarter worth approximately $1,958,000. Finally, LPL Financial LLC boosted its stake in Invesco DWA SmallCap Momentum ETF by 11.2% in the 4th quarter. LPL Financial LLC now owns 198,821 shares of the company’s stock worth $18,150,000 after purchasing an additional 20,075 shares during the period.

Invesco DWA SmallCap Momentum ETF Company Profile

The Invesco DWA SmallCap Momentum ETF (DWAS) is an exchange-traded fund that is based on the Dorsey Wright SmallCap Tech Leaders index. The fund tracks an index of 200 small-cap securities with the best relative strength indicators, these indicators are determined by Dorsey Wright’s proprietary methodology.