Invesco Dorsey Wright SmallCap Momentum ETF
DWAS
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 11 Greenway Plaza, Suite 1000 Houston TX United States of America 77046
- IPO Date
- Jul 19, 2012
- CIK
- 0001378872
- Website
- invesco.com
- Similar Companies
- Business
- Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the Dorsey Wright SmallCap Technical Leaders Index; this proprietary index, developed by Dorsey, Wright & Associates, LLC, selects approximately 200 small-capitalization U.S. companies from the NASDAQ US Benchmark Index based on relative strength characteristics derived from their market performance. The fund normally invests at least 90% of its total assets in the equity securities comprising the underlying index, which is rebalanced and reconstituted quarterly to emphasize securities demonstrating powerful momentum trends; it provides investors with targeted exposure to small-cap equities across sectors such as industrials, financials, information technology, health care, and consumer discretionary, while maintaining a focus on U.S. markets with minor international allocations to regions like the Netherlands, Puerto Rico, and Sweden. Launched on July 19, 2012, and listed on Nasdaq, DWAS is managed by Invesco Distributors, Inc., with a total expense ratio of 0.60%, a weighted average P/E ratio of 15.14, P/B ratio of 5.04, and holdings typically concentrated in approximately 200 small-cap growth and blend stocks exhibiting strong technical leadership. In a significant rebranding effective after the close of markets on August 25, 2023, the fund changed its name from Invesco DWA SmallCap Momentum ETF to Invesco Dorsey Wright SmallCap Momentum ETF, with no other alterations to its structure, investment strategy, or operations. Recent portfolio adjustments as of mid-2025 reflect ongoing quarterly rebalancing, incorporating new positions in high-momentum small-cap names such as Porch Group, Inc. (PRCH), Delcath Systems, Inc. (DCTH), Niagen Bioscience, Inc. (NAGE), Rubrik, Inc. (RBRK), and Adtalem Global Education Inc. (ATGE), alongside top holdings like Sterling Infrastructure Inc. (STRL), Bel Fuse Inc. (BELFB), and Dave Inc. (DAVE); these changes align with the index's methodology to capture evolving relative strength without broader strategic shifts, acquisitions, or new product launches by the fund sponsor.