Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Sets New 1-Year High – Time to Buy?

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $60.00 and last traded at $59.6350, with a volume of 7440 shares changing hands. The stock had previously closed at $59.43.

Invesco S&P SmallCap Value with Momentum ETF Price Performance

The stock has a market cap of $583.93 million, a P/E ratio of 9.55 and a beta of 1.07. The stock’s 50-day moving average is $57.48 and its two-hundred day moving average is $56.04.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. 360 Financial Inc. increased its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 6.3% in the second quarter. 360 Financial Inc. now owns 313,944 shares of the company’s stock worth $16,322,000 after purchasing an additional 18,530 shares during the last quarter. Valmark Advisers Inc. grew its holdings in Invesco S&P SmallCap Value with Momentum ETF by 5.4% during the 3rd quarter. Valmark Advisers Inc. now owns 311,203 shares of the company’s stock valued at $17,571,000 after buying an additional 15,896 shares in the last quarter. Banco Santander S.A. bought a new stake in Invesco S&P SmallCap Value with Momentum ETF in the 3rd quarter worth approximately $14,949,000. Osaic Holdings Inc. raised its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 14.0% during the 2nd quarter. Osaic Holdings Inc. now owns 148,063 shares of the company’s stock worth $7,702,000 after acquiring an additional 18,153 shares in the last quarter. Finally, Altman Advisors Inc. boosted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 41.6% during the 3rd quarter. Altman Advisors Inc. now owns 123,864 shares of the company’s stock valued at $6,993,000 after acquiring an additional 36,417 shares during the last quarter.

Invesco S&P SmallCap Value with Momentum ETF Company Profile

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.