Invesco DWA NASDAQ Momentum ETF (DWAQ) is an exchange-traded fund that seeks to track the investment results, before fees and expenses, of the Dorsey Wright NASDAQ Technical Leaders Index. The fund normally invests at least 90% of its total assets in securities that comprise the index, which includes approximately 100 large-cap U.S. companies listed on the NASDAQ that demonstrate the strongest relative strength or momentum characteristics, selected using Dorsey Wright & Associates' proprietary methodology comparing performance against benchmarks and across industry sectors and sub-sectors. It offers investors exposure to momentum-driven equities primarily in technology, consumer discretionary, and other growth-oriented sectors; provides quarterly rebalancing and reconstitution of holdings; and focuses on large-cap stocks with powerful relative performance trends.
Launched on April 28, 2011, as part of Invesco Exchange-Traded Fund Trust and headquartered in Atlanta, Georgia, the ETF targets institutional and retail investors seeking momentum strategies within the NASDAQ universe.
In recent developments, the fund has maintained active trading amid market volatility, with assets under management around $48-51 million as of early 2025 data points and share prices reaching approximately $137 in late 2025 sessions. It continues quarterly index reconstitutions to adapt to evolving relative strength rankings, similar to updates in related Invesco Dorsey Wright ETFs during 2024-2025; no major mergers, acquisitions, or name changes have been reported for DWAQ itself, though the broader Invesco lineup has seen performance-driven portfolio adjustments.