Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Hits New 12-Month High – Here’s Why

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $67.32 and last traded at $67.22, with a volume of 4947 shares traded. The stock had previously closed at $66.35.

Invesco S&P SmallCap Value with Momentum ETF Price Performance

The stock’s 50-day moving average is $63.14 and its two-hundred day moving average is $60.61. The stock has a market cap of $621.95 million, a P/E ratio of 9.55 and a beta of 1.01.

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

A number of hedge funds and other institutional investors have recently modified their holdings of XSVM. NewEdge Advisors LLC boosted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 59.7% during the third quarter. NewEdge Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after acquiring an additional 215 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the fourth quarter worth $32,000. UMB Bank n.a. bought a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the fourth quarter worth $32,000. Kestra Advisory Services LLC purchased a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF during the 4th quarter worth approximately $39,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 94.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $56,000 after acquiring an additional 478 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. The Fund focuses to invest at least 90% of its total assets in the component securities, which comprise the Underlying Index.