Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Sees Unusually-High Trading Volume – Here’s Why

Shares of Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) saw unusually-high trading volume on Friday . Approximately 56,509 shares traded 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 Price Performance

The firm’s 50 day moving average price is $96.95 and its 200-day moving average price is $92.32. The firm has a market cap of $969.42 million, a price-to-earnings ratio of 12.01 and a beta of 1.14.

Invesco DWA SmallCap Momentum ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders 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.

Institutional Investors Weigh In On Invesco DWA SmallCap Momentum ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cornerstone Planning Group LLC grew its holdings in shares of 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 worth $335,000 after purchasing an additional 112 shares during the last quarter. Creative Planning raised its stake in shares of Invesco DWA SmallCap Momentum ETF by 12.1% in the third quarter. Creative Planning now owns 3,704 shares of the company’s stock worth $344,000 after acquiring an additional 400 shares during the last quarter. MorganRosel Wealth Management LLC lifted its position in shares of Invesco DWA SmallCap Momentum ETF by 3.3% during the third quarter. MorganRosel Wealth Management LLC now owns 4,066 shares of the company’s stock worth $378,000 after purchasing an additional 131 shares in the last quarter. FMR LLC raised its position in shares of Invesco DWA SmallCap Momentum ETF by 24.5% during the third quarter. FMR LLC now owns 4,632 shares of the company’s stock worth $430,000 after acquiring an additional 913 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in 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 valued at $465,000 after acquiring an additional 342 shares during 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.