Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Sets New 52-Week High – Time to Buy?

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $67.76 and last traded at $67.76, with a volume of 666 shares changing hands. The stock had previously closed at $67.07.

Invesco S&P SmallCap Value with Momentum ETF Stock Up 0.1%

The stock has a 50 day simple moving average of $65.07 and a 200 day simple moving average of $61.68. The stock has a market cap of $627.05 million, a price-to-earnings ratio of 9.55 and a beta of 1.00.

Institutional Investors Weigh In On Invesco S&P SmallCap Value with Momentum ETF

Hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 4,382.2% in the fourth quarter. Farther Finance Advisors LLC now owns 32,451 shares of the company’s stock valued at $1,854,000 after purchasing an additional 31,727 shares in the last quarter. Altman Advisors Inc. lifted its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 41.6% in the third quarter. Altman Advisors Inc. now owns 123,864 shares of the company’s stock valued at $6,993,000 after purchasing an additional 36,417 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of 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 purchasing an additional 19,123 shares in the last quarter. Banco Santander S.A. bought a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the third quarter valued at approximately $14,949,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 13.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 108,321 shares of the company’s stock valued at $6,189,000 after purchasing an additional 13,132 shares in the last quarter.

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. The Fund focuses to invest at least 90% of its total assets in the component securities, which comprise the Underlying Index.