Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Sets New 1-Year High – Time to Buy?

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $70.67 and last traded at $70.67, with a volume of 11742 shares changing hands. The stock had previously closed at $69.86.

Invesco S&P SmallCap Value with Momentum ETF Trading Up 1.5%

The firm has a market cap of $665.04 million, a PE ratio of 9.55 and a beta of 1.00. The firm’s 50 day simple moving average is $67.68 and its 200 day simple moving average is $63.62.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 4,382.2% in the fourth quarter. Farther Finance Advisors LLC now owns 32,451 shares of the company’s stock worth $1,854,000 after buying an additional 31,727 shares during the last quarter. Oath Planning LLC purchased a new position in Invesco S&P SmallCap Value with Momentum ETF during the fourth quarter valued at approximately $787,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco S&P SmallCap Value with Momentum ETF by 13.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 108,321 shares of the company’s stock valued at $6,189,000 after acquiring an additional 13,132 shares during the period. Altman Advisors Inc. lifted its holdings in Invesco S&P SmallCap Value with Momentum ETF by 10.7% in the fourth quarter. Altman Advisors Inc. now owns 137,061 shares of the company’s stock valued at $7,832,000 after acquiring an additional 13,197 shares during the period. Finally, Del Sette Capital Management LLC boosted its position in Invesco S&P SmallCap Value with Momentum ETF by 397.2% in the 1st quarter. Del Sette Capital Management LLC now owns 51,204 shares of the company’s stock worth $3,086,000 after purchasing an additional 40,906 shares in the last quarter.

Invesco S&P SmallCap Value with Momentum ETF Company Profile

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.