Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Sets New 1-Year High – Time to Buy?

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $102.27 and last traded at $102.05, with a volume of 19480 shares traded. The stock had previously closed at $100.78.

Invesco Dorsey Wright SmallCap Momentum ETF Trading Down 0.3%

The company has a 50 day moving average of $96.95 and a 200 day moving average of $91.99. The firm has a market cap of $785.42 million, a price-to-earnings ratio of 17.65 and a beta of 1.16.

Hedge Funds Weigh In On Invesco Dorsey Wright SmallCap Momentum ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Spire Wealth Management raised its stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 13.4% in the fourth quarter. Spire Wealth Management now owns 1,910 shares of the company’s stock valued at $185,000 after acquiring an additional 225 shares during the last quarter. KMG Fiduciary Partners LLC raised its position in Invesco Dorsey Wright SmallCap Momentum ETF by 0.4% in the 4th quarter. KMG Fiduciary Partners LLC now owns 27,299 shares of the company’s stock valued at $2,642,000 after purchasing an additional 119 shares during the last quarter. CoreCap Advisors LLC raised its position in Invesco Dorsey Wright SmallCap Momentum ETF by 66.1% in the 4th quarter. CoreCap Advisors LLC now owns 2,208 shares of the company’s stock valued at $214,000 after purchasing an additional 879 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Invesco Dorsey Wright SmallCap Momentum ETF by 2.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,516,029 shares of the company’s stock worth $443,623,000 after purchasing an additional 126,213 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC grew its holdings in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 5.9% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 16,909 shares of the company’s stock worth $1,638,000 after purchasing an additional 939 shares during the last quarter.

Invesco Dorsey Wright SmallCap Momentum ETF Company Profile

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.