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

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

Invesco S&P SmallCap Momentum ETF Price Performance

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

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Assetmark Inc. increased its position in shares of Invesco S&P SmallCap Momentum ETF by 13.3% during the first quarter. Assetmark Inc. now owns 1,529 shares of the company’s stock valued at $116,000 after buying an additional 179 shares during the period. Clear Creek Financial Management LLC lifted its position in Invesco S&P SmallCap Momentum ETF by 3.9% during the third quarter. Clear Creek Financial Management LLC now owns 4,799 shares of the company’s stock valued at $353,000 after purchasing an additional 180 shares during the period. Fifth Third Securities Inc. lifted its position in Invesco S&P SmallCap Momentum ETF by 1.3% during the fourth quarter. Fifth Third Securities Inc. now owns 14,155 shares of the company’s stock valued at $1,019,000 after purchasing an additional 180 shares during the period. Stonebridge Financial Group LLC MO lifted its position in Invesco S&P SmallCap Momentum ETF by 1.5% during the first quarter. Stonebridge Financial Group LLC MO now owns 12,148 shares of the company’s stock valued at $923,000 after purchasing an additional 182 shares during the period. Finally, Mutual Advisors LLC lifted its position in Invesco S&P SmallCap Momentum ETF by 4.1% during the fourth quarter. Mutual Advisors LLC now owns 5,016 shares of the company’s stock valued at $361,000 after purchasing an additional 197 shares during the period.

About Invesco S&P SmallCap Momentum ETF

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.