Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Sees Unusually-High Trading Volume

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) shares saw strong trading volume on Monday . 727,297 shares were traded during mid-day trading, an increase of 1,132% from the previous session’s volume of 59,033 shares.The stock last traded at $91.73 and had previously closed at $92.82.

Invesco DWA SmallCap Momentum ETF Stock Performance

The firm’s 50-day simple moving average is $87.45 and its 200 day simple moving average is $86.90. The stock has a market capitalization of $1.01 billion, a P/E ratio of 12.01 and a beta of 1.14.

Invesco DWA SmallCap Momentum ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a dividend of $0.0821 per share. The ex-dividend date was Monday, June 24th. This represents a $0.33 annualized dividend and a yield of 0.36%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DWAS. Advisory Services Network LLC bought a new stake in Invesco DWA SmallCap Momentum ETF during the fourth quarter worth $174,000. Spire Wealth Management increased its stake in shares of Invesco DWA SmallCap Momentum ETF by 24.2% during the 1st quarter. Spire Wealth Management now owns 2,050 shares of the company’s stock worth $186,000 after purchasing an additional 400 shares during the last quarter. Family Capital Trust Co raised its holdings in shares of Invesco DWA SmallCap Momentum ETF by 862.1% in the 1st quarter. Family Capital Trust Co now owns 2,059 shares of the company’s stock valued at $187,000 after purchasing an additional 1,845 shares during the period. Redhawk Wealth Advisors Inc. lifted its stake in Invesco DWA SmallCap Momentum ETF by 7.4% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 2,553 shares of the company’s stock valued at $217,000 after purchasing an additional 176 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV bought a new position in Invesco DWA SmallCap Momentum ETF during the second quarter worth about $219,000.

About Invesco DWA SmallCap Momentum ETF

The Invesco DWA SmallCap Momentum ETF (DWAS) is an exchange-traded fund that is based on the Dorsey Wright SmallCap Tech Leaders index. The fund tracks an index of 200 small-cap securities with the best relative strength indicators, these indicators are determined by Dorsey Wright’s proprietary methodology.