Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Reaches New 1-Year High – Here’s Why

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $95.52 and last traded at $95.38, with a volume of 2179 shares. The stock had previously closed at $94.06.

Invesco DWA SmallCap Momentum ETF Stock Up 1.5 %

The stock has a market capitalization of $1.01 billion, a PE ratio of 12.01 and a beta of 1.14. The firm’s fifty day moving average is $90.23 and its 200-day moving average is $88.19.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. MorganRosel Wealth Management LLC increased its holdings in Invesco DWA SmallCap Momentum ETF by 3.3% in the third quarter. MorganRosel Wealth Management LLC now owns 4,066 shares of the company’s stock valued at $378,000 after buying an additional 131 shares in the last quarter. Dynamic Advisor Solutions LLC grew its position in shares of Invesco DWA SmallCap Momentum ETF by 3.1% in the second quarter. Dynamic Advisor Solutions LLC now owns 4,662 shares of the company’s stock valued at $396,000 after purchasing an additional 138 shares during the last quarter. Nemes Rush Group LLC grew its position in shares of Invesco DWA SmallCap Momentum ETF by 1.8% in the second quarter. Nemes Rush Group LLC now owns 8,508 shares of the company’s stock valued at $724,000 after purchasing an additional 154 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its position in shares of Invesco DWA SmallCap Momentum ETF by 7.4% in the second quarter. Redhawk Wealth Advisors Inc. now owns 2,553 shares of the company’s stock valued at $217,000 after purchasing an additional 176 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of Invesco DWA SmallCap Momentum ETF by 2.1% in the second quarter. Commonwealth Equity Services LLC now owns 18,511 shares of the company’s stock valued at $1,574,000 after purchasing an additional 383 shares during the last quarter.

About Invesco DWA 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.