Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Shares Up 1.5% – Time to Buy?

Shares of Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) were up 1.5% on Tuesday . The company traded as high as $127.77 and last traded at $127.31. Approximately 16,943 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 45,535 shares. The stock had previously closed at $125.49.

Invesco Dorsey Wright SmallCap Momentum ETF Stock Up 1.5%

The stock has a market capitalization of $465.95 million, a PE ratio of 17.65 and a beta of 1.14. The stock’s 50 day moving average price is $115.64 and its 200-day moving average price is $105.84.

Institutional Investors Weigh In On Invesco Dorsey Wright SmallCap Momentum ETF

Several large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 5,993.1% during the fourth 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 period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 2.9% in 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 purchasing an additional 126,213 shares during the period. BNP Paribas Financial Markets grew its stake in Invesco Dorsey Wright SmallCap Momentum ETF by 900.0% in the fourth quarter. BNP Paribas Financial Markets now owns 100,000 shares of the company’s stock worth $9,676,000 after purchasing an additional 90,000 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Invesco Dorsey Wright SmallCap Momentum ETF by 53.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 192,937 shares of the company’s stock worth $18,670,000 after purchasing an additional 67,093 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Invesco Dorsey Wright SmallCap Momentum ETF by 26.6% in the fourth quarter. Wells Fargo & Company MN now owns 127,364 shares of the company’s stock worth $12,324,000 after purchasing an additional 26,779 shares in the last quarter.

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. DWAS was launched on Jul 19, 2012 and is managed by Invesco.