Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Stock Price Up 1.1% – Still a Buy?

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWASGet Free Report)’s share price rose 1.1% during trading on Friday . The stock traded as high as $110.31 and last traded at $110.27. Approximately 8,877 shares traded hands during trading, a decline of 77% from the average session volume of 39,069 shares. The stock had previously closed at $109.08.

Invesco Dorsey Wright SmallCap Momentum ETF Stock Performance

The stock has a fifty day simple moving average of $116.18 and a two-hundred day simple moving average of $111.06. The stock has a market cap of $420.13 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 added to or reduced their stakes in the company. Global Assets Advisory LLC acquired a new position in Invesco Dorsey Wright SmallCap Momentum ETF in the 1st quarter worth $57,000. JPMorgan Chase & Co. increased its position in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 951.1% during the second quarter. JPMorgan Chase & Co. now owns 946 shares of the company’s stock worth $80,000 after acquiring an additional 856 shares during the last quarter. Sankala Group LLC purchased a new position in Invesco Dorsey Wright SmallCap Momentum ETF in the fourth quarter valued at about $124,000. Advisory Services Network LLC purchased a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF during the 3rd quarter valued at approximately $170,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF during the 4th quarter valued at approximately $192,000.

About Invesco Dorsey Wright SmallCap Momentum ETF

(Get Free Report)

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.

Further Reading

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