Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Sets New 52-Week High – Time to Buy?

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $100.05 and last traded at $100.6350, with a volume of 13595 shares. The stock had previously closed at $98.89.

Invesco Dorsey Wright SmallCap Momentum ETF Stock Up 1.3%

The stock’s 50 day moving average price is $94.06 and its two-hundred day moving average price is $88.91. The stock has a market cap of $768.07 million, a price-to-earnings ratio of 17.65 and a beta of 1.16.

Invesco Dorsey Wright SmallCap Momentum ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.0053 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.0%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bank of Montreal Can purchased a new position in Invesco Dorsey Wright SmallCap Momentum ETF in the 2nd quarter worth approximately $26,000. Assetmark Inc. lifted its stake in Invesco Dorsey Wright SmallCap Momentum ETF by 59.3% during the third quarter. Assetmark Inc. now owns 352 shares of the company’s stock worth $32,000 after purchasing an additional 131 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the 2nd quarter valued at $37,000. JPMorgan Chase & Co. increased its stake in Invesco Dorsey Wright SmallCap Momentum ETF by 951.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 946 shares of the company’s stock worth $80,000 after buying an additional 856 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 109.2% during the third quarter. Jones Financial Companies Lllp now owns 996 shares of the company’s stock worth $91,000 after acquiring an additional 520 shares during the period.

Invesco Dorsey Wright 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.