Oppenheimer & Co. Inc. Makes New $1.50 Million Investment in Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS)

Oppenheimer & Co. Inc. acquired a new stake in Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,486 shares of the company’s stock, valued at approximately $1,499,000.

A number of other hedge funds have also modified their holdings of DWAS. Advisory Services Network LLC purchased a new position in shares of Invesco DWA SmallCap Momentum ETF in the 4th quarter valued at approximately $174,000. Spire Wealth Management grew its position in Invesco DWA SmallCap Momentum ETF by 24.2% in the 1st quarter. Spire Wealth Management now owns 2,050 shares of the company’s stock valued at $186,000 after buying an additional 400 shares during the last quarter. Family Capital Trust Co increased its stake in Invesco DWA SmallCap Momentum ETF by 862.1% in the 1st quarter. Family Capital Trust Co now owns 2,059 shares of the company’s stock valued at $187,000 after buying an additional 1,845 shares during the period. Prime Capital Investment Advisors LLC purchased a new position in Invesco DWA SmallCap Momentum ETF during the 4th quarter worth $240,000. Finally, Scotia Capital Inc. lifted its stake in shares of Invesco DWA SmallCap Momentum ETF by 6.4% in the 4th quarter. Scotia Capital Inc. now owns 3,557 shares of the company’s stock worth $298,000 after acquiring an additional 215 shares during the period.

Invesco DWA SmallCap Momentum ETF Stock Up 1.3 %

Shares of NASDAQ:DWAS opened at $89.39 on Monday. Invesco DWA SmallCap Momentum ETF has a 52 week low of $68.44 and a 52 week high of $91.98. The company has a 50-day moving average price of $86.73 and a 200 day moving average price of $86.24. The company has a market cap of $960.05 million, a P/E ratio of 12.01 and a beta of 1.14.

Invesco DWA SmallCap Momentum ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a $0.0821 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Monday, June 24th.

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.