Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Sets New 52-Week Low – Should You 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. The stock had previously closed at $79.13.

Invesco DWA SmallCap Momentum ETF Trading Down 5.3 %

The company has a 50 day simple moving average of $84.90 and a two-hundred day simple moving average of $91.40. The firm has a market capitalization of $590.47 million, a P/E ratio of 15.99 and a beta of 1.14.

Invesco DWA SmallCap Momentum ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.0524 per share. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Invesco DWA SmallCap Momentum ETF in the fourth quarter worth about $27,000. Farther Finance Advisors LLC purchased a new stake in shares of Invesco DWA SmallCap Momentum ETF during the 4th quarter worth approximately $27,000. JPMorgan Chase & Co. boosted its position in shares of 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 last quarter. Jones Financial Companies Lllp bought a new stake in Invesco DWA SmallCap Momentum ETF in the fourth quarter worth $40,000. Finally, Hemington Wealth Management raised its stake 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 valued at $83,000 after purchasing an additional 234 shares in 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.