Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Sees Strong Trading Volume – Time to Buy?

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) shares saw an uptick in trading volume on Tuesday . 148,785 shares were traded during trading, an increase of 59% from the previous session’s volume of 93,393 shares.The stock last traded at $55.44 and had previously closed at $55.07.

Invesco S&P SmallCap Value with Momentum ETF Stock Performance

The stock has a market cap of $789.88 million, a price-to-earnings ratio of 8.08 and a beta of 1.09. The company’s 50 day simple moving average is $55.56 and its 200 day simple moving average is $55.53.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in XSVM. Howe & Rusling Inc. acquired a new stake in Invesco S&P SmallCap Value with Momentum ETF during the third quarter valued at approximately $26,000. FMR LLC lifted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 11.5% during the 3rd quarter. FMR LLC now owns 1,902 shares of the company’s stock valued at $105,000 after acquiring an additional 196 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 37.3% during the 4th quarter. Private Trust Co. NA now owns 2,429 shares of the company’s stock worth $132,000 after acquiring an additional 660 shares in the last quarter. Sheets Smith Wealth Management acquired a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the 3rd quarter worth $206,000. Finally, Financial Advocates Investment Management acquired a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF during the third quarter worth $228,000.

Invesco S&P SmallCap Value with Momentum ETF Company Profile

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.