Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Hits New 52-Week Low – Time to Sell?

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

Invesco DWA SmallCap Momentum ETF Trading Down 5.8 %

The company has a fifty day moving average price of $85.80 and a two-hundred day moving average price of $91.66. The firm has a market cap of $629.78 million, a P/E ratio of 17.99 and a beta of 1.14.

Invesco DWA SmallCap Momentum ETF Cuts Dividend

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

Institutional Investors Weigh In On Invesco DWA SmallCap Momentum ETF

Several institutional investors have recently added to or reduced their stakes in DWAS. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Invesco DWA SmallCap Momentum ETF in the fourth quarter valued at about $27,000. Farther Finance Advisors LLC acquired a new position in Invesco DWA SmallCap Momentum ETF during the 4th quarter worth approximately $27,000. JPMorgan Chase & Co. raised its holdings in shares of 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 during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Invesco DWA SmallCap Momentum ETF in the fourth quarter worth $40,000. Finally, Hemington Wealth Management boosted its holdings in Invesco DWA SmallCap Momentum ETF by 34.5% during 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 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.