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 hit a new 52-week high on Tuesday . The company traded as high as $72.27 and last traded at $72.27, with a volume of 56943 shares traded. The stock had previously closed at $71.26.

Invesco S&P SmallCap Value with Momentum ETF Stock Performance

The firm has a market capitalization of $683.26 million, a PE ratio of 9.55 and a beta of 1.00. The firm’s 50 day moving average price is $68.66 and its 200-day moving average price is $64.45.

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

Hedge funds have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC lifted its holdings in Invesco S&P SmallCap Value with Momentum ETF by 7.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,620 shares of the company’s stock valued at $150,000 after purchasing an additional 184 shares in the last quarter. Thoroughbred Financial Services LLC boosted its holdings in Invesco S&P SmallCap Value with Momentum ETF by 2.3% in the 4th quarter. Thoroughbred Financial Services LLC now owns 8,223 shares of the company’s stock worth $469,000 after buying an additional 186 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Invesco S&P SmallCap Value with Momentum ETF by 59.7% in the 3rd quarter. NewEdge Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after buying an additional 215 shares during the last quarter. Fermata Advisors LLC increased its stake in Invesco S&P SmallCap Value with Momentum ETF by 0.6% during the 2nd quarter. Fermata Advisors LLC now owns 52,280 shares of the company’s stock worth $3,638,000 after buying an additional 300 shares in the last quarter. Finally, Lowery Thomas LLC raised its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 1.2% during the fourth quarter. Lowery Thomas LLC now owns 25,670 shares of the company’s stock valued at $1,467,000 after acquiring an additional 303 shares during 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.