Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Reaches New 12-Month High – Time to Buy?

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $85.68 and last traded at $85.62, with a volume of 17446 shares trading hands. The stock had previously closed at $85.19.

Invesco S&P SmallCap Momentum ETF Stock Up 0.7%

The firm’s 50-day simple moving average is $78.81 and its 200-day simple moving average is $75.72. The firm has a market capitalization of $2.62 billion, a PE ratio of 19.29 and a beta of 1.06.

Institutional Trading of Invesco S&P SmallCap Momentum ETF

Several institutional investors have recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. purchased a new stake in shares of Invesco S&P SmallCap Momentum ETF during the first quarter worth about $29,000. High Note Wealth LLC purchased a new stake in shares of Invesco S&P SmallCap Momentum ETF during the fourth quarter worth about $33,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of 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 purchasing an additional 375 shares during the period. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Invesco S&P SmallCap Momentum ETF during the third quarter worth about $49,000. Finally, Allworth Financial LP boosted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 350.3% during the fourth quarter. Allworth Financial LP now owns 680 shares of the company’s stock worth $49,000 after purchasing an additional 529 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.