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

Shares of Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) saw unusually-high trading volume on Thursday . Approximately 804,236 shares were traded 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 stock has a market cap of $807.86 million, a PE ratio of 17.65 and a beta of 1.16. The company’s 50-day moving average price is $97.50 and its 200 day moving average price is $92.40.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bank of Montreal Can purchased a new stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the second quarter valued at approximately $26,000. Register Financial Advisors LLC purchased a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the fourth quarter worth $27,000. Assetmark Inc. boosted its holdings in Invesco Dorsey Wright SmallCap Momentum ETF by 59.3% in the third quarter. Assetmark Inc. now owns 352 shares of the company’s stock valued at $32,000 after purchasing an additional 131 shares during the last quarter. Bessemer Group Inc. purchased a new stake in Invesco Dorsey Wright SmallCap Momentum ETF in the 2nd quarter worth approximately $37,000. Finally, JPMorgan Chase & Co. increased its holdings in Invesco Dorsey Wright SmallCap Momentum ETF by 951.1% in the second quarter. JPMorgan Chase & Co. now owns 946 shares of the company’s stock valued at $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.