Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Reaches New 12-Month Low – Here’s Why

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $43.65 and last traded at $44.22, with a volume of 232130 shares changing hands. The stock had previously closed at $45.35.

Invesco S&P SmallCap Value with Momentum ETF Stock Down 4.4 %

The firm has a fifty day moving average of $51.53 and a 200-day moving average of $54.38. The firm has a market cap of $577.70 million, a P/E ratio of 9.81 and a beta of 1.26.

Invesco S&P SmallCap Value with Momentum ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.3974 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco S&P SmallCap Value with Momentum ETF’s previous dividend of $0.25.

Institutional Investors 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 XSVM. Fermata Advisors LLC grew its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 7.5% during the first quarter. Fermata Advisors LLC now owns 54,379 shares of the company’s stock worth $2,730,000 after purchasing an additional 3,799 shares during the period. RFG Advisory LLC boosted its holdings in Invesco S&P SmallCap Value with Momentum ETF by 32.9% during the first quarter. RFG Advisory LLC now owns 12,611 shares of the company’s stock worth $633,000 after buying an additional 3,124 shares during the last quarter. HBW Advisory Services LLC grew its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 4.0% during the 1st quarter. HBW Advisory Services LLC now owns 22,564 shares of the company’s stock worth $1,133,000 after buying an additional 859 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 40.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,596 shares of the company’s stock valued at $850,000 after acquiring an additional 4,470 shares during the last quarter. Finally, Leigh Baldwin & CO. LLC acquired a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF in the 4th quarter valued at approximately $483,000.

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.