Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Trading Up 1.5% – Time to Buy?

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS)’s stock price shot up 1.5% on Tuesday . The stock traded as high as $127.77 and last traded at $127.31. 16,943 shares were traded during trading, a decline of 63% from the average daily volume of 45,535 shares. The stock had previously closed at $125.49.

Invesco Dorsey Wright SmallCap Momentum ETF Stock Performance

The stock has a market cap of $430.15 million, a P/E ratio of 17.65 and a beta of 1.12. The company’s 50 day moving average price is $115.88 and its 200-day moving average price is $106.01.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew 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 worth $1,825,000 after purchasing 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 during the 1st quarter worth approximately $57,000. Kestra Advisory Services LLC boosted its stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 111.8% in the 1st quarter. Kestra Advisory Services LLC now owns 4,203 shares of the company’s stock worth $414,000 after buying an additional 2,219 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 2.0% in the 1st quarter. Private Advisor Group LLC now owns 8,679 shares of the company’s stock worth $855,000 after buying an additional 171 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in shares of 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 worth $1,116,000 after buying 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.