Invesco Dorsey Wright SmallCap Momentum ETF
DWAS
85 hedge funds and large institutions have $342M invested in Invesco Dorsey Wright SmallCap Momentum ETF in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 34 increasing their positions, 25 reducing their positions, and 14 closing their positions.
63% more capital invested
Capital invested by funds: $210M → $342M (+$132M)
36% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 25
12.39% more ownership
Funds ownership: 52.59% → 64.98% (+12%)
8% less funds holding
Funds holding: 92 → 85 (-7)
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$167M |
| 2 |
LPL Financial
San Diego,
California
|
+$2.41M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.3M |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$512K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$499K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
Affinity Wealth Management
Wilmington,
Delaware
|
-$23.4M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$14.2M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.26M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$673K |
| 5 |
CWA
Capital Wealth Alliance
Scottsdale,
Arizona
|
-$659K |
DWAS Hedge Fund Activity: Q1 2023 in Review
85 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) for Q1 2023, worth a combined $342M — up 63% from $210M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of DWAS and 9 opened new positions — a net loss of 5 holders — while 25 trimmed existing stakes and 34 added.
The largest buyer was Wealth Enhancement Advisory Services, opening a new position worth an estimated $167M. The largest seller was Affinity Wealth Management, exiting entirely with an estimated $23.4M sold.
- 85 institutional investors held Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) as of Q1 2023, down from 92 in Q4 2022.
- Funds reported $342M of Invesco Dorsey Wright SmallCap Momentum ETF stock for Q1 2023, up 63% quarter-over-quarter.
- 9 funds opened new Invesco Dorsey Wright SmallCap Momentum ETF positions in Q1 2023 and 14 closed out, a net change of -5 holders.
- The largest Invesco Dorsey Wright SmallCap Momentum ETF buyer in Q1 2023 was Wealth Enhancement Advisory Services, an estimated $167M added.
- The largest Invesco Dorsey Wright SmallCap Momentum ETF seller in Q1 2023 was Affinity Wealth Management, an estimated $23.4M sold.
Based on aggregated 13F filings for Q1 2023.