Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Sets New 12-Month High – Time to Buy?

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $60.96 and last traded at $60.76, with a volume of 13976 shares trading hands. The stock had previously closed at $59.54.

Invesco S&P SmallCap Value with Momentum ETF Stock Performance

The business has a 50-day simple moving average of $55.55 and a 200-day simple moving average of $54.72. The company has a market cap of $861.09 million, a price-to-earnings ratio of 8.08 and a beta of 1.09.

Hedge Funds Weigh In On Invesco S&P SmallCap Value with Momentum ETF

Institutional investors and hedge funds have recently modified their holdings of the company. O Shaughnessy Asset Management LLC grew its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 41.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,979 shares of the company’s stock worth $113,000 after purchasing an additional 584 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 607.8% during the first quarter. Cetera Investment Advisers now owns 80,821 shares of the company’s stock worth $4,602,000 after buying an additional 69,402 shares during the period. Cetera Advisors LLC increased its position in Invesco S&P SmallCap Value with Momentum ETF by 14.3% in the 1st quarter. Cetera Advisors LLC now owns 17,895 shares of the company’s stock valued at $1,019,000 after acquiring an additional 2,240 shares during the period. HBW Advisory Services LLC raised its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 89.2% during the second quarter. HBW Advisory Services LLC now owns 25,358 shares of the company’s stock worth $1,328,000 after purchasing an additional 11,952 shares during the last quarter. Finally, Insight Wealth Strategies LLC raised its holdings in Invesco S&P SmallCap Value with Momentum ETF by 2.5% during the second quarter. Insight Wealth Strategies LLC now owns 100,153 shares of the company’s stock worth $5,246,000 after purchasing an additional 2,413 shares in the last quarter.

About Invesco S&P SmallCap Value with Momentum ETF

PowerShares Fundamental Pure Small Value Portfolio (the Fund), formerly PowerShares Dynamic Small Cap Value Portfolio, is based on the RAFI Fundamental Small Value Index (Index). The Fund focuses to invest at least 90% of its total assets in the securities that comprise the Index. The Index is consisted of common stocks of small value the United States companies, including real estate investment trusts (REITs), from a universe consisted of the 2,500 the United States companies.