Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) saw strong trading volume on Thursday . 92,813 shares were traded during trading, an increase of 60% from the previous session’s volume of 58,157 shares.The stock last traded at $59.3410 and had previously closed at $58.83.

Invesco S&P SmallCap Value with Momentum ETF Stock Up 0.5%

The stock has a market cap of $614.00 million, a price-to-earnings ratio of 9.55 and a beta of 1.07. The company’s 50-day simple moving average is $55.96 and its 200-day simple moving average is $54.84.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its position in Invesco S&P SmallCap Value with Momentum ETF by 59.7% during the third quarter. NewEdge Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after acquiring an additional 215 shares during the period. Apex Wealth Management LLC raised its holdings in Invesco S&P SmallCap Value with Momentum ETF by 0.7% in the 3rd quarter. Apex Wealth Management LLC now owns 34,403 shares of the company’s stock valued at $1,942,000 after acquiring an additional 238 shares in the last quarter. Cooper Financial Group lifted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 0.4% in the 2nd quarter. Cooper Financial Group now owns 68,666 shares of the company’s stock worth $3,570,000 after acquiring an additional 241 shares during the period. Private Trust Co. NA lifted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 13.3% in the 2nd quarter. Private Trust Co. NA now owns 2,133 shares of the company’s stock worth $111,000 after acquiring an additional 250 shares during the period. Finally, Stratos Wealth Partners LTD. increased its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 1.2% during the second quarter. Stratos Wealth Partners LTD. now owns 31,938 shares of the company’s stock valued at $1,661,000 after purchasing an additional 367 shares during the period.

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.