Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Sets New 52-Week High – Still a Buy?

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) reached a new 52-week high on Tuesday . The stock traded as high as $88.33 and last traded at $88.14, with a volume of 54869 shares trading hands. The stock had previously closed at $86.56.

Invesco S&P SmallCap Momentum ETF Trading Up 2.1%

The firm has a 50 day moving average of $79.52 and a two-hundred day moving average of $76.28. The stock has a market capitalization of $2.77 billion, a PE ratio of 19.29 and a beta of 1.11.

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

A number of large investors have recently bought and sold shares of XSMO. Capstone Wealth Management Group LLC grew its holdings in Invesco S&P SmallCap Momentum ETF by 138.0% during the 1st quarter. Capstone Wealth Management Group LLC now owns 46,666 shares of the company’s stock valued at $2,928,000 after buying an additional 27,061 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF during the first quarter worth $539,000. Cerity Partners LLC acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF during the second quarter worth $818,000. Raymond James Financial Inc. boosted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 154.4% during the second quarter. Raymond James Financial Inc. now owns 1,033,548 shares of the company’s stock worth $70,302,000 after purchasing an additional 627,318 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 7.6% during the second quarter. Ameriprise Financial Inc. now owns 9,414 shares of the company’s stock worth $640,000 after purchasing an additional 665 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Company Profile

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.