Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Trading Up 1.5% – What’s Next?

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

Invesco Dorsey Wright SmallCap Momentum ETF Trading Up 1.5%

The firm has a market cap of $465.95 million, a P/E ratio of 17.65 and a beta of 1.14. The business has a 50-day moving average price of $115.64 and a 200-day moving average price of $105.84.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DWAS. Cetera Investment Advisers raised its holdings in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 0.7% in the 1st quarter. Cetera Investment Advisers now owns 18,534 shares of the company’s stock valued at $1,825,000 after purchasing an additional 133 shares in the last quarter. Global Assets Advisory LLC purchased a new position in Invesco Dorsey Wright SmallCap Momentum ETF during the first quarter valued at approximately $57,000. Kestra Advisory Services LLC increased its holdings in Invesco Dorsey Wright SmallCap Momentum ETF by 111.8% during the first quarter. Kestra Advisory Services LLC now owns 4,203 shares of the company’s stock valued at $414,000 after buying an additional 2,219 shares during the period. Private Advisor Group LLC raised its stake in Invesco Dorsey Wright SmallCap Momentum ETF by 2.0% in the first quarter. Private Advisor Group LLC now owns 8,679 shares of the company’s stock worth $855,000 after buying an additional 171 shares in the last quarter. Finally, Sound Income Strategies LLC raised its stake in Invesco Dorsey Wright SmallCap Momentum ETF by 25.6% in the first quarter. Sound Income Strategies LLC now owns 11,173 shares of the company’s stock worth $1,116,000 after buying an additional 2,276 shares in 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.