Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Hits New 1-Year High – Still a Buy?

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $60.96 and last traded at $60.76, with a volume of 13976 shares. The stock had previously closed at $59.54.

Invesco S&P SmallCap Value with Momentum ETF Trading Up 0.0 %

The firm has a 50-day moving average price of $55.77 and a 200 day moving average price of $54.79. The company has a market cap of $849.59 million, a price-to-earnings ratio of 8.08 and a beta of 1.09.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in XSVM. CWM LLC boosted its position in Invesco S&P SmallCap Value with Momentum ETF by 44.5% during the 3rd quarter. CWM LLC now owns 673,288 shares of the company’s stock worth $37,024,000 after acquiring an additional 207,424 shares during the period. LPL Financial LLC grew its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 11.0% in the second quarter. LPL Financial LLC now owns 1,671,712 shares of the company’s stock valued at $87,564,000 after purchasing an additional 166,252 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Invesco S&P SmallCap Value with Momentum ETF in the 3rd quarter worth approximately $8,822,000. Cetera Investment Advisers raised its stake in Invesco S&P SmallCap Value with Momentum ETF by 607.8% during the 1st quarter. Cetera Investment Advisers now owns 80,821 shares of the company’s stock valued at $4,602,000 after purchasing an additional 69,402 shares during the last quarter. Finally, Valmark Advisers Inc. lifted its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 42.4% in the second quarter. Valmark Advisers Inc. now owns 230,274 shares of the company’s stock valued at $12,062,000 after buying an additional 68,524 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.