Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Reaches New 52-Week High – Should You Buy?

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMOGet Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $91.30 and last traded at $90.96, with a volume of 54523 shares changing hands. The stock had previously closed at $89.84.

Invesco S&P SmallCap Momentum ETF Price Performance

The stock’s 50-day moving average price is $86.76 and its 200 day moving average price is $80.26. The firm has a market cap of $2.85 billion, a P/E ratio of 19.29 and a beta of 1.09.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. bought a new position in shares of Invesco S&P SmallCap Momentum ETF in the 1st quarter valued at about $29,000. Your Advocates Ltd. LLP bought a new stake in Invesco S&P SmallCap Momentum ETF during the first quarter worth about $32,000. High Note Wealth LLC acquired a new position in Invesco S&P SmallCap Momentum ETF during the fourth quarter valued at approximately $33,000. Comprehensive Financial Planning Inc. PA bought a new position in Invesco S&P SmallCap Momentum ETF in the third quarter valued at approximately $49,000. Finally, Allworth Financial LP grew its stake in Invesco S&P SmallCap Momentum ETF by 350.3% in the fourth quarter. Allworth Financial LP now owns 680 shares of the company’s stock valued at $49,000 after purchasing an additional 529 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Company Profile

(Get Free Report)

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.

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