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

Shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) hit a new 52-week high during trading on Thursday . The company traded as high as $59.64 and last traded at $59.66, with a volume of 27847 shares changing hands. The stock had previously closed at $58.56.

Invesco S&P SmallCap Value with Momentum ETF Trading Down 0.1%

The company has a market capitalization of $598.39 million, a P/E ratio of 9.55 and a beta of 1.07. The company’s 50 day moving average is $56.93 and its 200-day moving average is $55.75.

Hedge Funds Weigh In On Invesco S&P SmallCap Value with Momentum ETF

Several large investors have recently made changes to their positions in XSVM. NewEdge Advisors LLC raised its holdings in Invesco S&P SmallCap Value with Momentum ETF by 59.7% during the third quarter. NewEdge Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after acquiring an additional 215 shares during the period. Apex Wealth Management LLC grew its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 0.7% during the third quarter. Apex Wealth Management LLC now owns 34,403 shares of the company’s stock worth $1,942,000 after purchasing an additional 238 shares in the last quarter. Cooper Financial Group grew its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 0.4% during the second quarter. Cooper Financial Group now owns 68,666 shares of the company’s stock worth $3,570,000 after purchasing an additional 241 shares in the last quarter. Private Trust Co. NA raised its stake in Invesco S&P SmallCap Value with Momentum ETF by 13.3% during the 2nd quarter. Private Trust Co. NA now owns 2,133 shares of the company’s stock valued at $111,000 after purchasing an additional 250 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its holdings in Invesco S&P SmallCap Value with Momentum ETF by 1.2% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 31,938 shares of the company’s stock worth $1,661,000 after purchasing an additional 367 shares in the last quarter.

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.