Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Sets New 52-Week High – What’s Next?

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVMGet Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $59.39 and last traded at $59.2580, with a volume of 2901 shares. The stock had previously closed at $58.89.

Invesco S&P SmallCap Value with Momentum ETF Stock Up 0.9%

The company has a market capitalization of $617.32 million, a P/E ratio of 9.55 and a beta of 1.07. The stock has a fifty day simple moving average of $55.71 and a 200-day simple moving average of $54.52.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its holdings in shares of 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 buying an additional 215 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in Invesco S&P SmallCap Value with Momentum ETF during the 2nd quarter worth approximately $50,000. Beacon Capital Management Inc. acquired a new stake in Invesco S&P SmallCap Value with Momentum ETF during the 2nd quarter valued at $56,000. JPMorgan Chase & Co. bought a new position in Invesco S&P SmallCap Value with Momentum ETF in the 3rd quarter valued at $68,000. Finally, Ameritas Advisory Services LLC acquired a new position in Invesco S&P SmallCap Value with Momentum ETF in the second quarter worth $79,000.

Invesco S&P SmallCap Value with Momentum ETF Company Profile

(Get Free Report)

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.

Further Reading

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