Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Trading 1.4% Higher – Should You Buy?

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) shares shot up 1.4% during mid-day trading on Monday . The stock traded as high as $116.16 and last traded at $115.48. 6,989 shares traded hands during trading, a decline of 88% from the average session volume of 57,535 shares. The stock had previously closed at $113.91.

Invesco Dorsey Wright SmallCap Momentum ETF Trading Up 1.4%

The company’s 50-day moving average is $104.04 and its 200 day moving average is $100.10. The stock has a market capitalization of $422.66 million, a PE ratio of 17.65 and a beta of 1.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DWAS. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 2.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,516,029 shares of the company’s stock valued at $443,623,000 after buying an additional 126,213 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in 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 worth $87,312,000 after acquiring an additional 887,452 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Invesco Dorsey Wright SmallCap Momentum ETF by 53.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 192,937 shares of the company’s stock worth $18,670,000 after acquiring an additional 67,093 shares during the last quarter. Wells Fargo & Company MN lifted its position in Invesco Dorsey Wright SmallCap Momentum ETF by 26.6% during the 4th quarter. Wells Fargo & Company MN now owns 127,364 shares of the company’s stock worth $12,324,000 after acquiring an additional 26,779 shares during the period. Finally, Stifel Financial Corp lifted its position in Invesco Dorsey Wright SmallCap Momentum ETF by 29.8% during the 4th quarter. Stifel Financial Corp now owns 111,635 shares of the company’s stock worth $10,804,000 after acquiring an additional 25,657 shares during the period.

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.