Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Shares Up 1.1% – Here’s Why

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS)’s stock price rose 1.1% on Friday . The stock traded as high as $119.46 and last traded at $119.16. Approximately 4,655 shares traded hands during trading, a decline of 89% from the average session volume of 41,389 shares. The stock had previously closed at $117.90.

Invesco Dorsey Wright SmallCap Momentum ETF Stock Performance

The company has a market capitalization of $454.00 million, a P/E ratio of 17.65 and a beta of 1.14. The company has a 50-day simple moving average of $118.04 and a 200 day simple moving average of $109.87.

Hedge Funds Weigh In On Invesco Dorsey Wright SmallCap Momentum ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Trust Services Inc. acquired a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the 4th quarter worth approximately $2,224,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 5,993.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 902,260 shares of the company’s stock worth $87,312,000 after buying an additional 887,452 shares during the period. Vise Technologies Inc. boosted its stake in 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 buying an additional 22,797 shares in the last quarter. Sound Income Strategies LLC boosted its stake in Invesco Dorsey Wright SmallCap Momentum ETF by 25.6% in the 1st quarter. Sound Income Strategies LLC now owns 11,173 shares of the company’s stock valued at $1,116,000 after buying an additional 2,276 shares in the last quarter. Finally, Partners Wealth Management LLC grew its position in Invesco Dorsey Wright SmallCap Momentum ETF by 9.2% in the first quarter. Partners Wealth Management LLC now owns 7,198 shares of the company’s stock valued at $709,000 after acquiring an additional 609 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.