Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Hits New 52-Week High – Still a Buy?

Shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) reached a new 52-week high on Thursday . The company traded as high as $59.39 and last traded at $59.2580, with a volume of 2901 shares. The stock had previously closed at $58.89.

Invesco S&P SmallCap Value with Momentum ETF Price Performance

The stock has a market capitalization of $613.32 million, a P/E ratio of 9.55 and a beta of 1.07. The firm has a 50 day moving average of $55.80 and a 200-day moving average of $54.62.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC lifted its position in Invesco S&P SmallCap Value with Momentum ETF by 59.7% in the third quarter. NewEdge Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after purchasing an additional 215 shares during the period. Harbor Asset Planning Inc. acquired a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the 2nd quarter valued at $50,000. Beacon Capital Management Inc. acquired a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the 2nd quarter valued at $56,000. JPMorgan Chase & Co. bought a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the 3rd quarter worth about $68,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF during the 2nd quarter valued at about $79,000.

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.