Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Sets New 12-Month Low – Here’s Why

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) reached a new 52-week low on Tuesday . The stock traded as low as $79.27 and last traded at $78.79, with a volume of 7440 shares trading hands. The stock had previously closed at $81.97.

Invesco DWA SmallCap Momentum ETF Stock Performance

The firm has a market capitalization of $698.14 million, a PE ratio of 18.44 and a beta of 1.20. The company has a fifty day moving average price of $91.23 and a 200-day moving average price of $93.25.

Invesco DWA SmallCap Momentum ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco DWA SmallCap Momentum ETF

Several large investors have recently added to or reduced their stakes in DWAS. Cornerstone Planning Group LLC increased its position in Invesco DWA SmallCap Momentum ETF by 3.2% during the third quarter. Cornerstone Planning Group LLC now owns 3,594 shares of the company’s stock valued at $335,000 after acquiring an additional 112 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Invesco DWA SmallCap Momentum ETF by 0.4% in the fourth quarter. Sanctuary Advisors LLC now owns 39,564 shares of the company’s stock worth $3,713,000 after buying an additional 150 shares during the period. CoreCap Advisors LLC lifted its stake in shares of Invesco DWA SmallCap Momentum ETF by 26.8% during the 4th quarter. CoreCap Advisors LLC now owns 1,023 shares of the company’s stock worth $93,000 after acquiring an additional 216 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Invesco DWA SmallCap Momentum ETF by 144.7% during the 4th quarter. JPMorgan Chase & Co. now owns 389 shares of the company’s stock valued at $36,000 after acquiring an additional 230 shares during the period. Finally, Hemington Wealth Management grew its position in Invesco DWA SmallCap Momentum ETF by 34.5% in the 4th quarter. Hemington Wealth Management now owns 912 shares of the company’s stock valued at $83,000 after acquiring an additional 234 shares during the last quarter.

About Invesco DWA SmallCap Momentum ETF

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.