Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Hits New 12-Month High – What’s Next?

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $67.76 and last traded at $67.76, with a volume of 666 shares changing hands. The stock had previously closed at $67.07.

Invesco S&P SmallCap Value with Momentum ETF Stock Up 0.9%

The firm’s fifty day simple moving average is $64.74 and its 200-day simple moving average is $61.48. The company has a market cap of $627.79 million, a PE ratio of 9.55 and a beta of 1.00.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Gateway Wealth Partners LLC purchased a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the first quarter valued at approximately $334,000. Cetera Investment Advisers lifted its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 1.1% during the first quarter. Cetera Investment Advisers now owns 144,598 shares of the company’s stock valued at $8,713,000 after buying an additional 1,549 shares during the period. Assetmark Inc. purchased a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the first quarter valued at approximately $1,277,000. Independent Financial Group LLC purchased a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the first quarter valued at approximately $265,000. Finally, Kellett Wealth Advisors LLC lifted its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 4.5% during the first quarter. Kellett Wealth Advisors LLC now owns 68,120 shares of the company’s stock valued at $4,105,000 after buying an additional 2,932 shares during the period.

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.