Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Reaches New 52-Week High – Time to Buy?

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) shares hit a new 52-week high on Friday . The stock traded as high as $70.17 and last traded at $69.74, with a volume of 93601 shares trading hands. The stock had previously closed at $69.37.

Invesco S&P SmallCap Value with Momentum ETF Stock Performance

The firm has a market cap of $647.19 million, a P/E ratio of 9.55 and a beta of 1.00. The firm’s fifty day moving average is $66.51 and its 200 day moving average is $62.60.

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

A number of institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 271.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 353,900 shares of the company’s stock valued at $20,222,000 after purchasing an additional 258,711 shares during the last quarter. 360 Financial Inc. boosted its stake in Invesco S&P SmallCap Value with Momentum ETF by 1.1% in the 4th quarter. 360 Financial Inc. now owns 314,110 shares of the company’s stock valued at $17,948,000 after purchasing an additional 3,308 shares during the period. Janney Montgomery Scott LLC grew its holdings in Invesco S&P SmallCap Value with Momentum ETF by 173.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 275,638 shares of the company’s stock valued at $15,750,000 after buying an additional 174,751 shares in the last quarter. Banco Santander S.A. acquired a new position in Invesco S&P SmallCap Value with Momentum ETF in the 3rd quarter valued at $14,949,000. Finally, Traction Financial Partners LLC increased its position in Invesco S&P SmallCap Value with Momentum ETF by 1.5% during the 4th quarter. Traction Financial Partners LLC now owns 172,030 shares of the company’s stock worth $9,830,000 after buying an additional 2,487 shares during the period.

Invesco S&P SmallCap Value with Momentum ETF Company Profile

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.