Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Shares Down 2.1% – Should You Sell?

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) was down 2.1% on Thursday . The company traded as low as $99.69 and last traded at $99.96. Approximately 12,410 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 152,642 shares. The stock had previously closed at $102.10.

Invesco Dorsey Wright SmallCap Momentum ETF Stock Down 2.1%

The firm has a market capitalization of $398.84 million, a price-to-earnings ratio of 17.65 and a beta of 1.16. The company has a fifty day moving average price of $99.99 and a two-hundred day moving average price of $94.21.

Institutional Investors Weigh In On Invesco Dorsey Wright SmallCap Momentum ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC grew its holdings in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 12.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 15,372 shares of the company’s stock worth $1,487,000 after buying an additional 1,661 shares during the last quarter. Great Valley Advisor Group Inc. lifted its position in Invesco Dorsey Wright SmallCap Momentum ETF by 5.2% during the 4th quarter. Great Valley Advisor Group Inc. now owns 3,274 shares of the company’s stock worth $317,000 after acquiring an additional 163 shares during the period. Vise Technologies Inc. grew its stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 145.8% in the 4th quarter. Vise Technologies Inc. now owns 38,436 shares of the company’s stock valued at $3,719,000 after purchasing an additional 22,797 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 53.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 192,937 shares of the company’s stock valued at $18,670,000 after purchasing an additional 67,093 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of 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 valued at $9,676,000 after purchasing an additional 90,000 shares during the period.

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.