Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Reaches New 52-Week High – Here’s What Happened

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $76.27 and last traded at $75.7070, with a volume of 46379 shares changing hands. The stock had previously closed at $75.48.

Invesco S&P SmallCap Momentum ETF Stock Up 0.3%

The company has a market capitalization of $2.17 billion, a P/E ratio of 19.29 and a beta of 1.07. The company’s fifty day moving average price is $72.99 and its 200 day moving average price is $71.84.

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

Several institutional investors and hedge funds have recently bought and sold shares of XSMO. Beacon Capital Management Inc. bought a new position in Invesco S&P SmallCap Momentum ETF in the 2nd quarter valued at about $27,000. Harbor Asset Planning Inc. bought a new position in Invesco S&P SmallCap Momentum ETF in the second quarter valued at approximately $40,000. Hazlett Burt & Watson Inc. raised its position in Invesco S&P SmallCap Momentum ETF by 234.4% during the third quarter. Hazlett Burt & Watson Inc. now owns 535 shares of the company’s stock valued at $40,000 after purchasing an additional 375 shares in the last quarter. Parkside Financial Bank & Trust bought a new stake in Invesco S&P SmallCap Momentum ETF during the second quarter worth $41,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF in the 3rd quarter valued at $49,000.

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.