Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Reaches New 52-Week High – What’s Next?

Shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) reached a new 52-week high during trading on Friday . The company traded as high as $89.50 and last traded at $89.10, with a volume of 20736 shares. The stock had previously closed at $85.37.

Invesco S&P SmallCap Momentum ETF Trading Up 1.9%

The business’s 50 day moving average is $84.97 and its 200 day moving average is $79.21. The stock has a market capitalization of $2.83 billion, a PE ratio of 19.29 and a beta of 1.09.

Institutional Investors Weigh In On Invesco S&P SmallCap Momentum ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its holdings in Invesco S&P SmallCap Momentum ETF by 3.2% during the 4th quarter. LPL Financial LLC now owns 2,171,515 shares of the company’s stock valued at $156,371,000 after buying an additional 66,942 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Invesco S&P SmallCap Momentum ETF by 2.0% during the 4th quarter. Osaic Holdings Inc. now owns 1,730,681 shares of the company’s stock valued at $124,644,000 after buying an additional 33,235 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Invesco S&P SmallCap Momentum ETF by 28.4% during the 3rd quarter. Raymond James Financial Inc. now owns 1,327,495 shares of the company’s stock valued at $97,664,000 after buying an additional 293,947 shares in the last quarter. Morgan Stanley raised its holdings in shares of Invesco S&P SmallCap Momentum ETF by 23.7% in the 4th quarter. Morgan Stanley now owns 942,702 shares of the company’s stock valued at $67,884,000 after purchasing an additional 180,690 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Invesco S&P SmallCap Momentum ETF by 7.3% in the 1st quarter. Cetera Investment Advisers now owns 870,093 shares of the company’s stock worth $66,144,000 after purchasing an additional 59,526 shares during the period.

Invesco S&P SmallCap Momentum ETF Company Profile

The Invesco S&P SmallCap Momentum ETF (XSMO) is an exchange-traded fund that is based on the S&P Small Cap 600 Momentum index. The fund tracks an index of US small-caps stocks selected by momentum. Holdings are weighted by a combination of market cap and momentum. XSMO was launched on Mar 3, 2005 and is managed by Invesco.