Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Hits New 1-Year High – Here’s What Happened

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)’s share price reached a new 52-week high on Friday . The company traded as high as $79.70 and last traded at $79.7520, with a volume of 15208 shares changing hands. The stock had previously closed at $77.80.

Invesco S&P SmallCap Momentum ETF Stock Up 2.9%

The firm has a 50-day simple moving average of $75.01 and a 200-day simple moving average of $72.84. The stock has a market cap of $2.33 billion, a PE ratio of 19.29 and a beta of 1.07.

Institutional Trading of Invesco S&P SmallCap Momentum ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Beacon Capital Management Inc. bought a new position in Invesco S&P SmallCap Momentum ETF in the 2nd quarter valued at $27,000. High Note Wealth LLC bought a new stake in Invesco S&P SmallCap Momentum ETF during the fourth quarter valued at $33,000. Harbor Asset Planning Inc. bought a new stake in Invesco S&P SmallCap Momentum ETF during the second quarter valued at $40,000. Hazlett Burt & Watson Inc. grew its position in Invesco S&P SmallCap Momentum ETF by 234.4% during the third quarter. Hazlett Burt & Watson Inc. now owns 535 shares of the company’s stock worth $40,000 after buying an additional 375 shares in the last quarter. Finally, Parkside Financial Bank & Trust bought a new position in Invesco S&P SmallCap Momentum ETF in the 2nd quarter worth about $41,000.

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.