Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Reaches New 1-Year High – Here’s What Happened

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)’s share price hit a new 52-week high on Thursday . The company traded as high as $59.64 and last traded at $59.66, with a volume of 27847 shares traded. The stock had previously closed at $58.56.

Invesco S&P SmallCap Value with Momentum ETF Stock Up 2.2%

The stock has a market capitalization of $600.24 million, a price-to-earnings ratio of 9.55 and a beta of 1.07. The company has a 50 day simple moving average of $56.73 and a 200-day simple moving average of $55.66.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in XSVM. NewEdge Advisors LLC boosted its position in Invesco S&P SmallCap Value with Momentum ETF by 59.7% in the third quarter. NewEdge Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after purchasing an additional 215 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in Invesco S&P SmallCap Value with Momentum ETF in the 2nd quarter worth about $50,000. Beacon Capital Management Inc. bought a new stake in Invesco S&P SmallCap Value with Momentum ETF in the 2nd quarter valued at about $56,000. JPMorgan Chase & Co. purchased a new stake in Invesco S&P SmallCap Value with Momentum ETF during the third quarter valued at about $68,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the second quarter worth about $79,000.

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.