Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Hits New 52-Week High – What’s Next?

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) shares reached a new 52-week high on Wednesday . The company traded as high as $103.10 and last traded at $102.53, with a volume of 4110 shares changing hands. The stock had previously closed at $101.84.

Invesco Dorsey Wright SmallCap Momentum ETF Stock Performance

The firm has a market cap of $799.10 million, a P/E ratio of 17.65 and a beta of 1.16. The company’s 50 day moving average is $97.31 and its 200 day moving average is $92.32.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC acquired a new position in Invesco Dorsey Wright SmallCap Momentum ETF in the 1st quarter valued at approximately $288,000. Goldman Sachs Group Inc. bought a new position in Invesco Dorsey Wright SmallCap Momentum ETF during the 1st quarter worth $3,753,000. Jane Street Group LLC raised its position in Invesco Dorsey Wright SmallCap Momentum ETF by 97.5% during the 1st quarter. Jane Street Group LLC now owns 5,417 shares of the company’s stock worth $422,000 after purchasing an additional 2,674 shares during the last quarter. Belpointe Asset Management LLC bought a new stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the 2nd quarter valued at about $205,000. Finally, IFP Advisors Inc raised its position in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 28.7% during the second quarter. IFP Advisors Inc now owns 3,436 shares of the company’s stock worth $292,000 after acquiring an additional 767 shares during the last quarter.

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.