Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Sets New 12-Month High – Time to Buy?

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)’s stock price reached a new 52-week high on Thursday . The company traded as high as $65.70 and last traded at $65.22, with a volume of 17046 shares traded. The stock had previously closed at $65.04.

Invesco S&P SmallCap Value with Momentum ETF Trading Up 0.7%

The company has a market capitalization of $609.62 million, a P/E ratio of 9.55 and a beta of 1.01. The company’s 50 day moving average is $61.50 and its 200-day moving average is $59.08.

Institutional Trading of Invesco S&P SmallCap Value with Momentum ETF

A number of hedge funds have recently made changes to their positions in XSVM. AQR Capital Management LLC increased its position in Invesco S&P SmallCap Value with Momentum ETF by 6.3% during the 1st quarter. AQR Capital Management LLC now owns 24,066 shares of the company’s stock valued at $1,208,000 after buying an additional 1,417 shares in the last quarter. Jane Street Group LLC boosted its holdings in Invesco S&P SmallCap Value with Momentum ETF by 62.7% in the first quarter. Jane Street Group LLC now owns 10,370 shares of the company’s stock worth $521,000 after acquiring an additional 3,997 shares in the last quarter. Sheets Smith Wealth Management purchased a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF in the third quarter worth $211,000. Ullmann Wealth Partners Group LLC bought a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the third quarter valued at $204,000. Finally, Swisher Financial Concepts Inc. bought a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the third quarter valued at $223,000.

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.