Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Trading 3.7% Higher – Time to Buy?

Shares of Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) were up 3.7% on Tuesday . The stock traded as high as $119.68 and last traded at $119.60. 5,377 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 44,763 shares. The stock had previously closed at $115.31.

Invesco Dorsey Wright SmallCap Momentum ETF Trading Up 3.7%

The stock has a fifty day moving average price of $117.49 and a 200-day moving average price of $108.00. The firm has a market capitalization of $456.87 million, a price-to-earnings ratio of 17.65 and a beta of 1.12.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DWAS. Wealth Enhancement Trust Services Inc. acquired a new stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF during the fourth quarter worth approximately $2,224,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 5,993.1% in the fourth 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. Sound Income Strategies LLC acquired a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the 4th quarter worth approximately $906,000. Vise Technologies Inc. grew its position in 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 during the last quarter. Finally, HighMark Wealth Management LLC grew its position in Invesco Dorsey Wright SmallCap Momentum ETF by 0.4% during the 4th quarter. HighMark Wealth Management LLC now owns 45,196 shares of the company’s stock worth $4,373,000 after acquiring an additional 192 shares during the last quarter.

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.