Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Sets New 12-Month High – What’s Next?

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $88.59 and last traded at $88.58, with a volume of 166769 shares. The stock had previously closed at $86.06.

Invesco S&P SmallCap Momentum ETF Price Performance

The firm has a 50-day simple moving average of $81.79 and a two-hundred day simple moving average of $77.68. The company has a market cap of $2.78 billion, a PE ratio of 19.29 and a beta of 1.11.

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

Several hedge funds have recently bought and sold shares of the stock. Signature Estate & Investment Advisors LLC increased its position in Invesco S&P SmallCap Momentum ETF by 3.6% during the third quarter. Signature Estate & Investment Advisors LLC now owns 4,416 shares of the company’s stock worth $325,000 after buying an additional 154 shares in the last quarter. Assetmark Inc. increased its position in Invesco S&P SmallCap Momentum ETF by 13.3% during the first quarter. Assetmark Inc. now owns 1,529 shares of the company’s stock worth $116,000 after buying an additional 179 shares in the last quarter. Clear Creek Financial Management LLC increased its position in Invesco S&P SmallCap Momentum ETF by 3.9% during the third quarter. Clear Creek Financial Management LLC now owns 4,799 shares of the company’s stock worth $353,000 after buying an additional 180 shares in the last quarter. Fifth Third Securities Inc. grew its position in shares of Invesco S&P SmallCap Momentum ETF by 1.3% in the fourth quarter. Fifth Third Securities Inc. now owns 14,155 shares of the company’s stock valued at $1,019,000 after purchasing an additional 180 shares during the period. Finally, Stonebridge Financial Group LLC MO grew its position in shares of Invesco S&P SmallCap Momentum ETF by 1.5% in the first quarter. Stonebridge Financial Group LLC MO now owns 12,148 shares of the company’s stock valued at $923,000 after purchasing an additional 182 shares during the period.

About Invesco S&P SmallCap Momentum ETF

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.