Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Sets New 12-Month High – What’s Next?

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $78.58 and last traded at $78.1430, with a volume of 464343 shares trading hands. The stock had previously closed at $76.67.

Invesco S&P SmallCap Momentum ETF Price Performance

The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 19.29 and a beta of 1.07. The business has a 50 day moving average of $73.56 and a 200 day moving average of $72.18.

Institutional Trading of Invesco S&P SmallCap Momentum ETF

Several institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC raised its position in Invesco S&P SmallCap Momentum ETF by 191.3% in the 2nd quarter. Sound Income Strategies LLC now owns 41,917 shares of the company’s stock valued at $2,851,000 after purchasing an additional 27,526 shares during the last quarter. Brown Miller Wealth Management LLC acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF in the third quarter valued at $1,856,000. Mascagni Wealth Management Inc. increased its stake in shares of Invesco S&P SmallCap Momentum ETF by 13.4% in the second quarter. Mascagni Wealth Management Inc. now owns 20,303 shares of the company’s stock valued at $1,381,000 after buying an additional 2,394 shares in the last quarter. Perennial Investment Advisors LLC raised its holdings in shares of Invesco S&P SmallCap Momentum ETF by 63.4% in the second quarter. Perennial Investment Advisors LLC now owns 21,947 shares of the company’s stock valued at $1,493,000 after buying an additional 8,518 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its position in Invesco S&P SmallCap Momentum ETF by 10.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 95,291 shares of the company’s stock worth $7,011,000 after buying an additional 9,249 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Company Profile

The Invesco S&P SmallCap Momentum ETF (XSMO) is an exchange-traded fund that is based on the S&P Small Cap 600 Momentum index. The fund tracks an index of US small-caps stocks selected by momentum. Holdings are weighted by a combination of market cap and momentum. XSMO was launched on Mar 3, 2005 and is managed by Invesco.