NorthCrest Asset Management Increases Stake in Invesco DWA SmallCap Momentum ETF

NorthCrest Asset Management LLC has recently increased its stake in Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) by 15.3% in the third quarter of the year. This was reported in their latest filing with the Securities and Exchange Commission (SEC). By the end of the quarter, the firm owned a total of 6,420 shares of the ETF, having acquired an additional 854 shares during the period.

The value of NorthCrest Asset Management's holdings in the Invesco DWA SmallCap Momentum ETF is estimated to be around $596,000 at the conclusion of the recent quarter.

Other institutional investors have also made changes to their positions in the DWAS ETF. For example, Wealth Enhancement Advisory Services LLC expanded its holdings by 7.8% in the second quarter, now owning 6,003,788 shares valued at $510,562,000. Additionally, Raymond James & Associates increased its stake by 1.9% during the third quarter, bringing their total to 250,945 shares worth approximately $23,305,000 after acquiring 4,776 shares in the last quarter.

CWM LLC also boosted its investment in the Invesco DWA SmallCap Momentum ETF by 12.3% during the third quarter, owning 73,771 shares valued at $6,851,000 after purchasing an additional 8,080 shares. Likewise, LJI Wealth Management LLC raised its position by 3.8% in the second quarter, now holding 43,214 shares worth $3,675,000 after buying 1,602 additional shares. Lastly, Private Advisor Group LLC increased its stake by 3.4% in the first quarter, now owning 41,513 shares valued at $3,774,000.

Current Market Performance of Invesco DWA SmallCap Momentum ETF

As of Monday, shares of the Invesco DWA SmallCap Momentum ETF opened at $91.95. Over the past year, the stock reached a twelve-month low of $68.44 and a high of $95.90. The ETF boasts a market capitalization of $979.27 million, a price-to-earnings ratio of 12.01, and a beta of 1.14. It also has a fifty-day moving average price of $91.35 and a 200-day moving average price of $88.49.

Overview of Invesco DWA SmallCap Momentum ETF

The Invesco DWA SmallCap Momentum ETF (DWAS) is an exchange-traded fund that follows the Dorsey Wright SmallCap Tech Leaders index. This fund tracks an index consisting of 200 small-cap stocks that exhibit the strongest relative strength, based on a proprietary methodology developed by Dorsey Wright.

Invesco, ETF, Investment