Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS)’s share price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $106.76 and traded as high as $107.45. Invesco Dorsey Wright SmallCap Momentum ETF shares last traded at $106.9410, with a volume of 5,726 shares changing hands.

Invesco Dorsey Wright SmallCap Momentum ETF Trading Up 1.4%

The company has a market capitalization of $394.61 million, a P/E ratio of 13.99 and a beta of 1.17. The business’s 50-day simple moving average is $106.76 and its 200 day simple moving average is $109.27.

Invesco Dorsey Wright SmallCap Momentum ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a $0.0354 dividend. The ex-dividend date was Monday, September 21st. This represents a $0.14 annualized dividend and a dividend yield of 0.1%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DWAS. Private Advisor Group LLC bought a new stake in Invesco Dorsey Wright SmallCap Momentum ETF during the third quarter worth approximately $1,518,000. Cibc World Market Inc. bought a new position in Invesco Dorsey Wright SmallCap Momentum ETF during the 3rd quarter valued at $211,000. Harbour Investments Inc. bought a new position in Invesco Dorsey Wright SmallCap Momentum ETF during the 3rd quarter valued at $39,000. Kestra Advisory Services LLC increased its position in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 4.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 5,215 shares of the company’s stock valued at $565,000 after purchasing an additional 222 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF during the 3rd quarter valued at $1,810,000.

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. DWAS was launched on Jul 19, 2012 and is managed by Invesco.