Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Sees Strong Trading Volume – Here’s What Happened

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) saw unusually-high trading volume on Thursday . 168,218 shares changed hands during mid-day trading, an increase of 336% from the previous session’s volume of 38,550 shares.The stock last traded at $68.69 and had previously closed at $69.28.

Invesco S&P SmallCap Value with Momentum ETF Stock Performance

The stock has a market cap of $653.18 million, a P/E ratio of 9.55 and a beta of 0.99. The firm’s 50 day moving average is $70.46 and its 200 day moving average is $66.51.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 6.3% during the 1st quarter. AQR Capital Management LLC now owns 24,066 shares of the company’s stock valued at $1,208,000 after purchasing an additional 1,417 shares during the last quarter. Jane Street Group LLC grew its stake in Invesco S&P SmallCap Value with Momentum ETF by 62.7% during the 1st quarter. Jane Street Group LLC now owns 10,370 shares of the company’s stock worth $521,000 after buying an additional 3,997 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Invesco S&P SmallCap Value with Momentum ETF during the 3rd quarter worth $68,000. Maia Wealth LLC acquired a new position in Invesco S&P SmallCap Value with Momentum ETF during the 3rd quarter valued at about $263,000. Finally, Ameriprise Financial Inc. increased its position in Invesco S&P SmallCap Value with Momentum ETF by 1.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 48,171 shares of the company’s stock valued at $2,720,000 after buying an additional 785 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.