Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Sees Strong Trading Volume – Time to Buy?

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) shares saw unusually-strong trading volume on Thursday . Approximately 501,950 shares were traded during trading, an increase of 106% from the previous session’s volume of 243,500 shares.The stock last traded at $91.68 and had previously closed at $91.34.

Invesco DWA SmallCap Momentum ETF Trading Up 0.3 %

The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 12.01 and a beta of 1.14. The company has a fifty day simple moving average of $96.13 and a 200-day simple moving average of $92.53.

Invesco DWA SmallCap Momentum ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.0731 per share. This is an increase from Invesco DWA SmallCap Momentum ETF’s previous dividend of $0.05. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Invesco DWA SmallCap Momentum ETF

A number of hedge funds have recently modified their holdings of DWAS. Cornerstone Planning Group LLC raised its position in Invesco DWA SmallCap Momentum ETF by 3.2% during the third quarter. Cornerstone Planning Group LLC now owns 3,594 shares of the company’s stock valued at $335,000 after buying an additional 112 shares during the period. Creative Planning grew its stake in Invesco DWA SmallCap Momentum ETF by 12.1% during the 3rd quarter. Creative Planning now owns 3,704 shares of the company’s stock valued at $344,000 after acquiring an additional 400 shares in the last quarter. MorganRosel Wealth Management LLC increased its holdings in shares of Invesco DWA SmallCap Momentum ETF by 3.3% in the 3rd quarter. MorganRosel Wealth Management LLC now owns 4,066 shares of the company’s stock valued at $378,000 after purchasing an additional 131 shares during the period. FMR LLC lifted its position in shares of Invesco DWA SmallCap Momentum ETF by 24.5% in the third quarter. FMR LLC now owns 4,632 shares of the company’s stock worth $430,000 after purchasing an additional 913 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of Invesco DWA SmallCap Momentum ETF by 7.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 5,004 shares of the company’s stock worth $465,000 after purchasing an additional 342 shares in the last quarter.

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.