Belpointe Asset Management LLC Invests $205,000 in Invesco Dorsey Wright SmallCap Momentum ETF $DWAS

Belpointe Asset Management LLC bought a new position in Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,411 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. purchased a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the 1st quarter worth approximately $72,000. Realta Investment Advisors boosted its stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 9.1% in the 1st quarter. Realta Investment Advisors now owns 1,855 shares of the company’s stock worth $145,000 after buying an additional 155 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 23.3% in the 1st quarter. IFP Advisors Inc now owns 2,669 shares of the company’s stock worth $208,000 after buying an additional 504 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 11.6% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 2,817 shares of the company’s stock worth $220,000 after buying an additional 292 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the 1st quarter worth approximately $288,000.

Invesco Dorsey Wright SmallCap Momentum ETF Stock Down 2.9%

Shares of NASDAQ DWAS opened at $91.68 on Friday. Invesco Dorsey Wright SmallCap Momentum ETF has a twelve month low of $66.94 and a twelve month high of $104.46. The stock’s 50 day moving average price is $89.72 and its 200-day moving average price is $83.62. The company has a market capitalization of $708.69 million, a PE ratio of 17.65 and a beta of 1.14.

Invesco Dorsey Wright SmallCap Momentum ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a $0.0053 dividend. The ex-dividend date was Monday, September 22nd. This represents a $0.02 annualized dividend and a yield of 0.0%.

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.