Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Shares Up 1.1% – Here’s Why

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS)’s stock price traded up 1.1% on Friday . The stock traded as high as $119.46 and last traded at $119.16. Approximately 4,655 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 41,389 shares. The stock had previously closed at $117.90.

Invesco Dorsey Wright SmallCap Momentum ETF Price Performance

The business’s 50 day moving average is $118.04 and its 200-day moving average is $109.87. The company has a market cap of $454.00 million, a PE ratio of 17.65 and a beta of 1.14.

Institutional Investors Weigh In On Invesco Dorsey Wright SmallCap Momentum ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Trust Services Inc. acquired a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF during the 4th quarter worth about $2,224,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 5,993.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 902,260 shares of the company’s stock valued at $87,312,000 after acquiring an additional 887,452 shares during the last quarter. Vise Technologies Inc. raised its position in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 145.8% during the 4th quarter. Vise Technologies Inc. now owns 38,436 shares of the company’s stock worth $3,719,000 after acquiring an additional 22,797 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 900.0% during the 4th quarter. BNP Paribas Financial Markets now owns 100,000 shares of the company’s stock worth $9,676,000 after acquiring an additional 90,000 shares in the last quarter. Finally, Soltis Investment Advisors LLC purchased a new stake in Invesco Dorsey Wright SmallCap Momentum ETF during the fourth quarter worth approximately $219,000.

Invesco Dorsey Wright SmallCap Momentum ETF Company Profile

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.