Invesco Dorsey Wright SmallCap Momentum ETF
DWAS
87 hedge funds and large institutions have $630M invested in Invesco Dorsey Wright SmallCap Momentum ETF in 2023 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 34 reducing their positions, and 8 closing their positions.
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
17% more capital invested
Capital invested by funds: $540M → $630M (+$90.5M)
6% more funds holding
Funds holding: 82 → 87 (+5)
4.01% more ownership
Funds ownership: 79.91% → 83.92% (+4%)
29% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 34
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$26.5M |
| 2 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$16M |
| 3 |
HWM
HighMark Wealth Management
St. Paul,
Minnesota
|
+$3.77M |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$1.45M |
| 5 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$1.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$9.53M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$6.05M |
| 3 |
IFG
Independent Financial Group
San Diego,
California
|
-$1.12M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$930K |
| 5 |
Goldman Sachs
New York
|
-$908K |
DWAS Hedge Fund Activity: Q4 2023 in Review
87 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) for Q4 2023, worth a combined $630M — up 17% from $540M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new DWAS positions and 8 closed out — a net gain of 5 holders — while 24 added to existing stakes and 34 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $26.5M. The largest seller was LPL Financial, cutting an estimated $9.53M.
- 87 institutional investors held Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) as of Q4 2023, up from 82 in Q3 2023.
- Funds reported $630M of Invesco Dorsey Wright SmallCap Momentum ETF stock for Q4 2023, up 17% quarter-over-quarter.
- 13 funds opened new Invesco Dorsey Wright SmallCap Momentum ETF positions in Q4 2023 and 8 closed out, a net change of +5 holders.
- The largest Invesco Dorsey Wright SmallCap Momentum ETF buyer in Q4 2023 was Morgan Stanley, an estimated $26.5M added.
- The largest Invesco Dorsey Wright SmallCap Momentum ETF seller in Q4 2023 was LPL Financial, an estimated $9.53M sold.
Based on aggregated 13F filings for Q4 2023.