Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Reaches New 12-Month High – Here’s What Happened

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $81.21 and last traded at $80.39, with a volume of 207868 shares. The stock had previously closed at $80.44.

Invesco S&P SmallCap Momentum ETF Stock Performance

The firm’s 50-day simple moving average is $75.61 and its two-hundred day simple moving average is $73.20. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 19.29 and a beta of 1.07.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Beacon Capital Management Inc. bought a new position in Invesco S&P SmallCap Momentum ETF during the 2nd quarter worth about $27,000. High Note Wealth LLC acquired a new stake in Invesco S&P SmallCap Momentum ETF in the fourth quarter valued at $33,000. Harbor Asset Planning Inc. acquired a new stake in Invesco S&P SmallCap Momentum ETF in the 2nd quarter valued at about $40,000. Hazlett Burt & Watson Inc. boosted its stake in shares of Invesco S&P SmallCap Momentum ETF by 234.4% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 535 shares of the company’s stock worth $40,000 after acquiring an additional 375 shares during the period. Finally, Parkside Financial Bank & Trust bought a new position in Invesco S&P SmallCap Momentum ETF during the second quarter worth $41,000.

About Invesco S&P SmallCap Momentum ETF

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.