Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Sees Unusually-High Trading Volume – Should You Buy?

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) shares saw unusually-strong trading volume on Friday . Approximately 56,509 shares changed hands during mid-day trading, an increase of 74% from the previous session’s volume of 32,556 shares.The stock last traded at $87.09 and had previously closed at $89.85.

Invesco DWA SmallCap Momentum ETF Trading Down 2.5 %

The stock has a market cap of $967.76 million, a P/E ratio of 12.01 and a beta of 1.14. The firm has a 50-day simple moving average of $96.86 and a two-hundred day simple moving average of $92.39.

Invesco DWA SmallCap Momentum ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $0.0731 per share. This is a positive change from Invesco DWA SmallCap Momentum ETF’s previous dividend of $0.05. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. MML Investors Services LLC increased its position in shares of Invesco DWA SmallCap Momentum ETF by 3.7% in the third quarter. MML Investors Services LLC now owns 15,483 shares of the company’s stock worth $1,438,000 after purchasing an additional 551 shares during the period. Stifel Financial Corp grew its stake in Invesco DWA SmallCap Momentum ETF by 49.3% during the third quarter. Stifel Financial Corp now owns 27,029 shares of the company’s stock worth $2,510,000 after buying an additional 8,929 shares in the last quarter. IHT Wealth Management LLC increased its holdings in Invesco DWA SmallCap Momentum ETF by 25.2% in the 3rd quarter. IHT Wealth Management LLC now owns 16,015 shares of the company’s stock valued at $1,487,000 after buying an additional 3,226 shares during the period. FMR LLC raised its position in shares of Invesco DWA SmallCap Momentum ETF by 24.5% in the 3rd quarter. FMR LLC now owns 4,632 shares of the company’s stock valued at $430,000 after buying an additional 913 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its holdings in shares of Invesco DWA SmallCap Momentum ETF by 4.6% during the 3rd quarter. Prospera Financial Services Inc now owns 28,685 shares of the company’s stock worth $2,664,000 after acquiring an additional 1,265 shares during the period.

Invesco DWA SmallCap Momentum ETF Company Profile

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.