Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Hits New 1-Year High – What’s Next?

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $72.27 and last traded at $72.27, with a volume of 56943 shares changing hands. The stock had previously closed at $71.26.

Invesco S&P SmallCap Value with Momentum ETF Stock Down 0.5%

The firm has a market capitalization of $671.74 million, a price-to-earnings ratio of 9.55 and a beta of 1.00. The business’s fifty day moving average is $68.94 and its 200 day moving average is $64.63.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of XSVM. AQR Capital Management LLC lifted its stake in Invesco S&P SmallCap Value with Momentum ETF by 6.3% in the 1st quarter. AQR Capital Management LLC now owns 24,066 shares of the company’s stock valued at $1,208,000 after acquiring an additional 1,417 shares in the last quarter. Jane Street Group LLC grew its stake in shares of 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 acquiring an additional 3,997 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF in the third quarter valued at approximately $68,000. Maia Wealth LLC acquired a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF in the third quarter valued at approximately $263,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 1.7% in the third quarter. Ameriprise Financial Inc. now owns 48,171 shares of the company’s stock worth $2,720,000 after purchasing an additional 785 shares in the last quarter.

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.