Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Hits New 52-Week Low – Here’s Why

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) shares reached a new 52-week low on Thursday . The company traded as low as $73.98 and last traded at $73.99, with a volume of 25290 shares. The stock had previously closed at $79.13.

Invesco DWA SmallCap Momentum ETF Trading Down 5.8 %

The stock has a market cap of $629.78 million, a P/E ratio of 17.99 and a beta of 1.14. The company’s fifty day simple moving average is $85.80 and its 200-day simple moving average is $91.66.

Invesco DWA SmallCap Momentum ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.0524 dividend. The ex-dividend date was Monday, March 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC increased its holdings in shares of Invesco DWA SmallCap Momentum ETF by 3.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 3,728 shares of the company’s stock worth $339,000 after buying an additional 134 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Invesco DWA SmallCap Momentum ETF by 0.4% during the fourth quarter. Sanctuary Advisors LLC now owns 39,564 shares of the company’s stock worth $3,713,000 after purchasing an additional 150 shares during the period. CoreCap Advisors LLC increased its stake in shares of Invesco DWA SmallCap Momentum ETF by 26.8% in the 4th quarter. CoreCap Advisors LLC now owns 1,023 shares of the company’s stock valued at $93,000 after acquiring an additional 216 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Invesco DWA SmallCap Momentum ETF by 144.7% in the fourth quarter. JPMorgan Chase & Co. now owns 389 shares of the company’s stock valued at $36,000 after purchasing an additional 230 shares in the last quarter. Finally, Hemington Wealth Management raised its holdings in Invesco DWA SmallCap Momentum ETF by 34.5% in the fourth quarter. Hemington Wealth Management now owns 912 shares of the company’s stock worth $83,000 after purchasing an additional 234 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.