Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Stock Price Up 1.1% – Still a Buy?

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWASGet Free Report)’s stock price rose 1.1% during trading on Friday . The company traded as high as $110.31 and last traded at $110.27. 8,877 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 39,069 shares. The stock had previously closed at $109.08.

Invesco Dorsey Wright SmallCap Momentum ETF Price Performance

The company has a fifty day moving average of $116.18 and a two-hundred day moving average of $111.06. The stock has a market capitalization of $420.13 million, a P/E ratio of 17.65 and a beta of 1.14.

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 company. AQR Capital Management LLC acquired a new position in Invesco Dorsey Wright SmallCap Momentum ETF in the first quarter worth $288,000. Goldman Sachs Group Inc. bought a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the 1st quarter worth about $3,753,000. Jane Street Group LLC lifted its position in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 97.5% in the 1st quarter. Jane Street Group LLC now owns 5,417 shares of the company’s stock worth $422,000 after buying an additional 2,674 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 951.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 946 shares of the company’s stock valued at $80,000 after buying an additional 856 shares during the period. Finally, Baird Financial Group Inc. boosted its holdings in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 1.9% in the 2nd quarter. Baird Financial Group Inc. now owns 31,863 shares of the company’s stock valued at $2,704,000 after buying an additional 599 shares during the period.

About Invesco Dorsey Wright SmallCap Momentum ETF

(Get Free Report)

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.

Further Reading

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