Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Hits New 12-Month High – Still a Buy?

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) hit a new 52-week high on Tuesday . The stock traded as high as $62.86 and last traded at $62.2260, with a volume of 29802 shares. The stock had previously closed at $62.08.

Invesco S&P SmallCap Value with Momentum ETF Stock Performance

The company has a market cap of $589.11 million, a PE ratio of 9.55 and a beta of 1.07. The stock’s 50-day simple moving average is $58.89 and its 200 day simple moving average is $56.62.

Institutional Trading of Invesco S&P SmallCap Value with Momentum ETF

A number of institutional investors have recently modified their holdings of XSVM. NewEdge Advisors LLC grew its position in Invesco S&P SmallCap Value with Momentum ETF by 59.7% during the third quarter. NewEdge Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after buying an additional 215 shares during the period. Apex Wealth Management LLC raised its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 0.7% during the 3rd quarter. Apex Wealth Management LLC now owns 34,403 shares of the company’s stock worth $1,942,000 after purchasing an additional 238 shares during the last quarter. Private Trust Co. NA lifted its stake in Invesco S&P SmallCap Value with Momentum ETF by 13.3% in the 2nd quarter. Private Trust Co. NA now owns 2,133 shares of the company’s stock valued at $111,000 after buying an additional 250 shares in the last quarter. Lowery Thomas LLC grew its holdings in Invesco S&P SmallCap Value with Momentum ETF by 1.2% during the 4th quarter. Lowery Thomas LLC now owns 25,670 shares of the company’s stock valued at $1,467,000 after buying an additional 303 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in Invesco S&P SmallCap Value with Momentum ETF by 1.2% during the second quarter. Stratos Wealth Partners LTD. now owns 31,938 shares of the company’s stock worth $1,661,000 after buying an additional 367 shares in 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.