Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Hits New 12-Month High – Should You Buy?

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMOGet Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $76.27 and last traded at $75.7070, with a volume of 46379 shares changing hands. The stock had previously closed at $75.48.

Invesco S&P SmallCap Momentum ETF Price Performance

The business’s 50 day simple moving average is $72.99 and its 200-day simple moving average is $71.84. The stock has a market capitalization of $2.17 billion, a P/E ratio of 19.29 and a beta of 1.07.

Institutional Trading of Invesco S&P SmallCap Momentum ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Beacon Capital Management Inc. bought a new stake in Invesco S&P SmallCap Momentum ETF in the second quarter valued at approximately $27,000. Harbor Asset Planning Inc. bought a new position in shares of Invesco S&P SmallCap Momentum ETF in the 2nd quarter valued at about $40,000. Hazlett Burt & Watson Inc. increased its holdings in Invesco S&P SmallCap Momentum ETF by 234.4% during the third quarter. Hazlett Burt & Watson Inc. now owns 535 shares of the company’s stock worth $40,000 after buying an additional 375 shares during the last quarter. Parkside Financial Bank & Trust bought a new stake in shares of Invesco S&P SmallCap Momentum ETF in the 2nd quarter valued at about $41,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in Invesco S&P SmallCap Momentum ETF in the third quarter valued at approximately $49,000.

Invesco S&P SmallCap Momentum ETF Company Profile

(Get Free Report)

The Invesco S&P SmallCap Momentum ETF (XSMO) is an exchange-traded fund that is based on the S&P Small Cap 600 Momentum index. The fund tracks an index of US small-caps stocks selected by momentum. Holdings are weighted by a combination of market cap and momentum. XSMO was launched on Mar 3, 2005 and is managed by Invesco.

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