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

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) shares saw unusually-strong trading volume on Thursday . Approximately 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 Trading Up 0.3 %

The company has a market cap of $1.02 billion, a price-to-earnings ratio of 12.01 and a beta of 1.14. The company’s 50 day moving average price is $96.13 and its 200 day moving average price is $92.53.

Invesco DWA SmallCap Momentum ETF Increases Dividend

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

Hedge Funds Weigh In On Invesco DWA SmallCap Momentum ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its stake 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 valued at $430,000 after buying an additional 913 shares in the last quarter. Creative Planning lifted its holdings in Invesco DWA SmallCap Momentum ETF by 12.1% in the third quarter. Creative Planning now owns 3,704 shares of the company’s stock valued at $344,000 after acquiring an additional 400 shares during the period. Nemes Rush Group LLC lifted its holdings in Invesco DWA SmallCap Momentum ETF by 1.8% in the second quarter. Nemes Rush Group LLC now owns 8,508 shares of the company’s stock valued at $724,000 after acquiring an additional 154 shares during the period. Dynamic Advisor Solutions LLC boosted its position in shares of Invesco DWA SmallCap Momentum ETF by 7.3% during the 3rd 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. Finally, KMG Fiduciary Partners LLC grew its stake in shares of Invesco DWA SmallCap Momentum ETF by 407.0% during the 3rd quarter. KMG Fiduciary Partners LLC now owns 19,110 shares of the company’s stock worth $1,775,000 after purchasing an additional 15,341 shares during the period.

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.