Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Trading 3.7% Higher – Time to Buy?

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS)’s share price shot up 3.7% during trading on Tuesday . The company traded as high as $119.68 and last traded at $119.60. 5,377 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 44,763 shares. The stock had previously closed at $115.31.

Invesco Dorsey Wright SmallCap Momentum ETF Stock Up 3.7%

The company has a market cap of $456.87 million, a P/E ratio of 17.65 and a beta of 1.12. The firm has a fifty day moving average price of $117.49 and a 200 day moving average price of $108.00.

Institutional Investors Weigh In On Invesco Dorsey Wright SmallCap Momentum ETF

A number of hedge funds have recently added to or reduced their stakes in DWAS. Cetera Investment Advisers increased its position in 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 acquiring an additional 133 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the first quarter worth about $57,000. Kestra Advisory Services LLC lifted its position in shares of 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 worth $414,000 after purchasing an additional 2,219 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 2.0% during the first quarter. Private Advisor Group LLC now owns 8,679 shares of the company’s stock valued at $855,000 after purchasing an additional 171 shares during the last quarter. Finally, Sound Income Strategies LLC grew its stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 25.6% during the first quarter. Sound Income Strategies LLC now owns 11,173 shares of the company’s stock valued at $1,116,000 after purchasing an additional 2,276 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.