Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Reaches New 12-Month High – Should You Buy?

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

Invesco Dorsey Wright SmallCap Momentum ETF Price Performance

The company has a market cap of $786.81 million, a PE ratio of 17.65 and a beta of 1.16. The business has a fifty day simple moving average of $96.50 and a two-hundred day simple moving average of $91.80.

Institutional Investors Weigh In On Invesco Dorsey Wright SmallCap Momentum ETF

A number of institutional investors have recently added to or reduced their stakes in DWAS. Bank of Montreal Can bought a new position in Invesco Dorsey Wright SmallCap Momentum ETF in the second quarter worth about $26,000. Assetmark Inc. grew its position in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 59.3% in the 3rd quarter. Assetmark Inc. now owns 352 shares of the company’s stock worth $32,000 after buying an additional 131 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the 2nd quarter worth approximately $37,000. JPMorgan Chase & Co. raised its stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 951.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 946 shares of the company’s stock worth $80,000 after acquiring an additional 856 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Invesco Dorsey Wright SmallCap Momentum ETF by 109.2% during the third quarter. Jones Financial Companies Lllp now owns 996 shares of the company’s stock valued at $91,000 after acquiring an additional 520 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.