Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Reaches New 1-Year High – Still a Buy?

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)’s stock price reached a new 52-week high on Monday . The stock traded as high as $60.22 and last traded at $60.22, with a volume of 103221 shares trading hands. The stock had previously closed at $58.82.

Invesco S&P SmallCap Value with Momentum ETF Price Performance

The firm’s 50-day moving average price is $54.72 and its 200 day moving average price is $54.52. The firm has a market capitalization of $831.55 million, a price-to-earnings ratio of 8.08 and a beta of 1.09.

Institutional Investors Weigh In On Invesco S&P SmallCap Value with Momentum ETF

Hedge funds have recently modified their holdings of the company. Howe & Rusling Inc. acquired a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the 3rd quarter valued at $26,000. Wetzel Investment Advisors Inc. grew its position in Invesco S&P SmallCap Value with Momentum ETF by 64.4% during the second quarter. Wetzel Investment Advisors Inc. now owns 707 shares of the company’s stock valued at $37,000 after acquiring an additional 277 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in Invesco S&P SmallCap Value with Momentum ETF during the second quarter worth about $72,000. FMR LLC raised its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 11.5% in the 3rd quarter. FMR LLC now owns 1,902 shares of the company’s stock worth $105,000 after purchasing an additional 196 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 41.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,979 shares of the company’s stock valued at $113,000 after purchasing an additional 584 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.