Raymond James Financial Services Advisors Inc. Cuts Position in Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS)

Raymond James Financial Services Advisors Inc. decreased its position in shares of Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS – Get Rating) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,377 shares of the company’s stock after selling 1,259 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.44% of Invesco DWA SmallCap Momentum ETF worth $1,701,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Laffer Tengler Investments bought a new position in shares of Invesco DWA SmallCap Momentum ETF during the 3rd quarter valued at about $34,000. Creative Planning bought a new position in Invesco DWA SmallCap Momentum ETF during the second quarter valued at approximately $38,000. Belpointe Asset Management LLC purchased a new position in shares of Invesco DWA SmallCap Momentum ETF during the fourth quarter worth approximately $44,000. Fortis Advisors LLC lifted its holdings in shares of Invesco DWA SmallCap Momentum ETF by 1.4% in the 3rd quarter. Fortis Advisors LLC now owns 11,172 shares of the company’s stock worth $75,000 after acquiring an additional 152 shares during the last quarter. Finally, IFP Advisors Inc purchased a new stake in shares of Invesco DWA SmallCap Momentum ETF in the 3rd quarter valued at $89,000.

Invesco DWA SmallCap Momentum ETF Stock Performance

DWAS stock opened at $73.20 on Friday. The firm has a market cap of $571.69 million, a P/E ratio of 10.73 and a beta of 1.14. The firm’s fifty day moving average is $72.74 and its 200 day moving average is $73.65. Invesco DWA SmallCap Momentum ETF has a 52 week low of $64.87 and a 52 week high of $84.20.

Invesco DWA SmallCap Momentum ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Tuesday, March 21st were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Monday, March 20th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.30%.

About Invesco DWA SmallCap Momentum ETF

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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.