DWAS stock icon

Invesco Dorsey Wright SmallCap Momentum ETF
DWAS

$94.08
2.76%

Market Cap: $991M

0
Funds holding %
of 6,710 funds
–
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

88% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 8

64% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 22

8% more funds holding

Funds holding: 90 [Q1] → 97 (+7) [Q2]

3% less capital invested

Capital invested by funds: $770M [Q1] → $747M (-$22.9M) [Q2]

1.1% less ownership

Funds ownership: 83.24% [Q1] → 82.14% (-1.1%) [Q2]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for DWAS.

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Financial journalist opinion

Neutral
Seeking Alpha
3 weeks ago
DWAS: Excessively Risky SMID Strategy With Bleak Returns
DWAS offers exposure to small- and mid-cap names with convincing momentum characteristics. Yet, its strategy of capitalizing on SMID stocks that were on a tear did not translate into meaningful and consistent outperformance in the past. Its historical risk-adjusted returns are much weaker than those of IVV and IJR, owing to its volatility, which, in turn, is likely influenced by soft quality.
DWAS: Excessively Risky SMID Strategy With Bleak Returns
Positive
ETF Trends
1 month ago
3 Small-Cap Growth ETFs With Standout Long-Term Performance
Rate cuts are coming, it seems, with the U.S. economy slowing down precipitously in July. Market watchers are increasingly seeing a potential 50 basis point (bps) cut in September with potentially even more cuts after that.
3 Small-Cap Growth ETFs With Standout Long-Term Performance
Positive
Seeking Alpha
3 months ago
DWAS: High-Risk/High-Reward Small-Cap ETF
Invesco Dorsey Wright SmallCap Momentum ETF holds 199 small caps selected and weighted based on a proprietary momentum score. The DWAS ETF is overweight in industrials and healthcare, but well-diversified across holdings. Based on quality metrics and price history, DWAS has a high-risk/high-reward profile.
DWAS: High-Risk/High-Reward Small-Cap ETF
Negative
Seeking Alpha
6 months ago
DWAS: Soft Quality, Questionable Performance, And High Turnover
DWAS has an index-based strategy designed to benefit from strongly performing small-cap stocks that are anticipated to continue climbing higher. I have identified two reasons why the ETF is a suboptimal choice: the soft quality of its portfolio and its inconsistent past performance. A pronounced mid-cap tilt might be another issue for investors who are looking for pure-play small-cap portfolios.
DWAS: Soft Quality, Questionable Performance, And High Turnover
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