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

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) saw an uptick in trading volume on Friday . 56,509 shares were traded during 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 Stock Performance

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

Invesco DWA SmallCap Momentum ETF Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, December 23rd. This is a positive change from Invesco DWA SmallCap Momentum ETF’s previous dividend of $0.05.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC grew its holdings in shares of Invesco DWA SmallCap Momentum ETF by 3.2% in the third quarter. Cornerstone Planning Group LLC now owns 3,594 shares of the company’s stock valued at $335,000 after purchasing an additional 112 shares during the period. Creative Planning boosted its holdings in Invesco DWA SmallCap Momentum ETF by 12.1% in the 3rd quarter. Creative Planning now owns 3,704 shares of the company’s stock valued at $344,000 after purchasing an additional 400 shares during the last quarter. MorganRosel Wealth Management LLC grew its stake 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 buying an additional 131 shares during the period. FMR LLC increased its stake in 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 raised its holdings in Invesco DWA SmallCap Momentum ETF by 7.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 5,004 shares of the company’s stock valued at $465,000 after buying an additional 342 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.