Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Shares Up 3.7% – Here’s Why

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) shares shot up 3.7% 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 Performance

The firm has a fifty day simple moving average of $117.54 and a 200-day simple moving average of $108.14. The firm has a market cap of $444.04 million, a price-to-earnings ratio of 17.65 and a beta of 1.12.

Institutional Investors Weigh In On Invesco Dorsey Wright SmallCap Momentum ETF

Several institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 5,993.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 902,260 shares of the company’s stock valued at $87,312,000 after purchasing an additional 887,452 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Invesco Dorsey Wright SmallCap Momentum ETF by 900.0% in the fourth quarter. BNP Paribas Financial Markets now owns 100,000 shares of the company’s stock valued at $9,676,000 after buying an additional 90,000 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Invesco Dorsey Wright SmallCap Momentum ETF by 53.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 192,937 shares of the company’s stock valued at $18,670,000 after buying an additional 67,093 shares in the last quarter. Wells Fargo & Company MN grew its position in Invesco Dorsey Wright SmallCap Momentum ETF by 26.6% in the fourth quarter. Wells Fargo & Company MN now owns 127,364 shares of the company’s stock valued at $12,324,000 after acquiring an additional 26,779 shares during the last quarter. Finally, Stifel Financial Corp grew its position in Invesco Dorsey Wright SmallCap Momentum ETF by 29.8% in the fourth quarter. Stifel Financial Corp now owns 111,635 shares of the company’s stock valued at $10,804,000 after acquiring an additional 25,657 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.