Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Stock Crosses Above 50-Day Moving Average – What’s Next?

Shares of Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 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 trading hands.

Invesco Dorsey Wright SmallCap Momentum ETF Price Performance

The business has a fifty day moving average of $106.76 and a 200-day moving average of $109.27. The stock has a market capitalization of $394.61 million, a price-to-earnings ratio of 13.99 and a beta of 1.17.

Invesco Dorsey Wright SmallCap Momentum ETF Dividend Announcement

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

Hedge Funds Weigh In On Invesco Dorsey Wright SmallCap Momentum ETF

Several large investors have recently made changes to their positions in DWAS. SFG Wealth Management LLC. bought a new stake in Invesco Dorsey Wright SmallCap Momentum ETF during the second quarter worth approximately $680,000. Sound Income Strategies LLC grew its position in Invesco Dorsey Wright SmallCap Momentum ETF by 34.6% in the third quarter. Sound Income Strategies LLC now owns 19,199 shares of the company’s stock worth $2,031,000 after buying an additional 4,933 shares during the last quarter. Family Capital Trust Co bought a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the third quarter valued at $1,301,000. Nottingham Advisors Inc. bought a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the third quarter valued at $1,423,000. Finally, CoreCap Advisors LLC increased its holdings in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 48.7% in the third quarter. CoreCap Advisors LLC now owns 3,617 shares of the company’s stock valued at $392,000 after buying an additional 1,185 shares in the last quarter.

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