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

Shares of Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) saw unusually-strong trading volume on Wednesday . Approximately 44,906 shares changed hands during mid-day trading, an increase of 62% from the previous session’s volume of 27,738 shares.The stock last traded at $100.7350 and had previously closed at $100.31.

Invesco Dorsey Wright SmallCap Momentum ETF Price Performance

The stock has a 50 day moving average price of $96.74 and a two-hundred day moving average price of $91.87. The company has a market capitalization of $785.42 million, a price-to-earnings ratio of 17.65 and a beta of 1.16.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DWAS. Bank of Montreal Can acquired a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF during the second quarter valued at $26,000. Assetmark Inc. lifted its stake 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 buying an additional 131 shares during the period. Bessemer Group Inc. acquired a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF during the 2nd quarter worth about $37,000. JPMorgan Chase & Co. increased its stake 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 purchasing an additional 856 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Invesco Dorsey Wright SmallCap Momentum ETF by 109.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 996 shares of the company’s stock worth $91,000 after buying an additional 520 shares during the period.

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.