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

Shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) hit a new 52-week high during trading on Wednesday . The company traded as high as $60.00 and last traded at $59.6350, with a volume of 7440 shares traded. The stock had previously closed at $59.43.

Invesco S&P SmallCap Value with Momentum ETF Trading Up 0.7%

The stock has a market capitalization of $575.91 million, a PE ratio of 9.55 and a beta of 1.07. The company’s 50-day moving average is $57.13 and its 200 day moving average is $55.92.

Institutional Trading of Invesco S&P SmallCap Value with Momentum ETF

Institutional investors have recently modified their holdings of the stock. Banco Santander S.A. acquired a new position in Invesco S&P SmallCap Value with Momentum ETF during the third quarter worth $14,949,000. Kingstone Capital Partners Texas LLC acquired a new stake in Invesco S&P SmallCap Value with Momentum ETF during the 2nd quarter worth approximately $1,996,000. Altman Advisors Inc. grew its stake in Invesco S&P SmallCap Value with Momentum ETF by 41.6% during the 3rd quarter. Altman Advisors Inc. now owns 123,864 shares of the company’s stock worth $6,993,000 after purchasing an additional 36,417 shares in the last quarter. Private Advisor Group LLC raised its holdings in Invesco S&P SmallCap Value with Momentum ETF by 24.1% in the third quarter. Private Advisor Group LLC now owns 98,349 shares of the company’s stock valued at $5,553,000 after acquiring an additional 19,123 shares in the last quarter. Finally, 360 Financial Inc. grew its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 6.3% during the second quarter. 360 Financial Inc. now owns 313,944 shares of the company’s stock worth $16,322,000 after purchasing an additional 18,530 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.