Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Reaches New 1-Year High – Still a Buy?

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $103.10 and last traded at $102.53, with a volume of 4110 shares traded. The stock had previously closed at $101.84.

Invesco Dorsey Wright SmallCap Momentum ETF Stock Down 2.2%

The stock has a market cap of $790.04 million, a P/E ratio of 17.65 and a beta of 1.16. The business has a 50 day moving average price of $97.98 and a 200 day moving average price of $92.59.

Institutional Trading of Invesco Dorsey Wright SmallCap Momentum ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Stratos Wealth Partners LTD. lifted its position in Invesco Dorsey Wright SmallCap Momentum ETF by 2.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,016 shares of the company’s stock valued at $389,000 after acquiring an additional 100 shares during the last quarter. KMG Fiduciary Partners LLC increased its position in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 0.4% during the fourth quarter. KMG Fiduciary Partners LLC now owns 27,299 shares of the company’s stock worth $2,642,000 after purchasing an additional 119 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 59.3% during the 3rd quarter. Assetmark Inc. now owns 352 shares of the company’s stock valued at $32,000 after purchasing an additional 131 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 1.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 8,388 shares of the company’s stock valued at $712,000 after purchasing an additional 134 shares during the last quarter. Finally, MorganRosel Wealth Management LLC boosted its position in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 2.2% in the 3rd quarter. MorganRosel Wealth Management LLC now owns 7,748 shares of the company’s stock worth $714,000 after purchasing an additional 169 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.