Invesco Dorsey Wright SmallCap Momentum ETF (DWAS)
Invesco Dorsey Wright SmallCap Momentum ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $118.41, up 1.45% on the session, giving a market capitalisation of $911.0M. Its beta of 1.15 implies it has historically moved more than the broad market.
The Invesco Dorsey Wright SmallCap Momentum ETF seeks to track the performance of the Dorsey Wright SmallCap Technical Leaders Index. This fund typically invests at least 90% of its total assets in equity securities of small-capitalization companies that comprise this index. The index itself consists of approximately 200 companies chosen from the NASDAQ US Benchmark Index through a proprietary selection methodology from Dorsey, Wright & Associates, LLC. This process identifies companies demonstrating strong relative strength based on their market performance. Both the fund and the index undergo rebalancing and reconstitution on a quarterly basis. It's also important to note that, effective after the market close on August 25, 2023, the fund's name transitioned from Invesco DWA SmallCap Momentum ETF to its current name, Invesco Dorsey Wright SmallCap Momentum ETF, with no other alterations made to the fund.
Invesco Dorsey Wright SmallCap Momentum ETF is most often compared with the following Financial Services names: