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

Shares of Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) saw strong trading volume on Thursday . 501,950 shares were traded during mid-day 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 Price Performance

The company has a market cap of $1.01 billion, a P/E ratio of 12.01 and a beta of 1.14. The company’s 50-day moving average is $96.48 and its two-hundred day moving average is $92.49.

Invesco DWA SmallCap Momentum ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.0731 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is a boost from Invesco DWA SmallCap Momentum ETF’s previous dividend of $0.05.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Invesco DWA SmallCap Momentum ETF by 1.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,117,302 shares of the company’s stock worth $568,114,000 after purchasing an additional 113,514 shares in the last quarter. Raymond James & Associates increased its position in Invesco DWA SmallCap Momentum ETF by 1.9% in the third quarter. Raymond James & Associates now owns 250,945 shares of the company’s stock worth $23,305,000 after buying an additional 4,776 shares in the last quarter. CWM LLC raised its stake in shares of Invesco DWA SmallCap Momentum ETF by 12.3% in the third quarter. CWM LLC now owns 73,771 shares of the company’s stock worth $6,851,000 after buying an additional 8,080 shares during the period. LJI Wealth Management LLC lifted its position in shares of Invesco DWA SmallCap Momentum ETF by 3.8% during the 2nd quarter. LJI Wealth Management LLC now owns 43,214 shares of the company’s stock valued at $3,675,000 after buying an additional 1,602 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Invesco DWA SmallCap Momentum ETF during the 2nd quarter valued at approximately $3,499,000.

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.