Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Sees Unusually-High Trading Volume – Still a Buy?

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) saw unusually-strong trading volume on Thursday . Approximately 804,236 shares changed hands during mid-day trading, an increase of 303% from the previous session’s volume of 199,387 shares.The stock last traded at $104.5150 and had previously closed at $103.12.

Invesco Dorsey Wright SmallCap Momentum ETF Stock Performance

The firm has a market cap of $790.04 million, a price-to-earnings ratio of 17.65 and a beta of 1.16. The business has a fifty day moving average of $97.98 and a two-hundred day moving average of $92.59.

Hedge Funds Weigh In On Invesco Dorsey Wright SmallCap Momentum ETF

Several hedge funds have recently added to or reduced their stakes in DWAS. Bank of Montreal Can purchased a new stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the second quarter valued at about $26,000. Register Financial Advisors LLC acquired a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF during the 4th quarter worth approximately $27,000. Assetmark Inc. lifted its stake in Invesco Dorsey Wright SmallCap Momentum ETF by 59.3% in the 3rd quarter. Assetmark Inc. now owns 352 shares of the company’s stock valued at $32,000 after buying an additional 131 shares in the last quarter. Bessemer Group Inc. acquired a new stake in Invesco Dorsey Wright SmallCap Momentum ETF during the 2nd quarter valued at $37,000. Finally, JPMorgan Chase & Co. increased its position in Invesco Dorsey Wright SmallCap Momentum ETF by 951.1% during the second quarter. JPMorgan Chase & Co. now owns 946 shares of the company’s stock worth $80,000 after buying an additional 856 shares in the last quarter.

Invesco Dorsey Wright 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. DWAS was launched on Jul 19, 2012 and is managed by Invesco.