Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Sets New 12-Month High – Should You Buy?

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)’s share price hit a new 52-week high on Wednesday . The company traded as high as $61.25 and last traded at $61.11, with a volume of 16331 shares. The stock had previously closed at $59.64.

Invesco S&P SmallCap Value with Momentum ETF Trading Up 3.2%

The firm’s 50-day simple moving average is $57.68 and its 200 day simple moving average is $56.16. The stock has a market cap of $592.30 million, a P/E ratio of 9.55 and a beta of 1.07.

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

Several institutional investors have recently modified their holdings of the company. OxenFree Capital LLC boosted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 21.4% during the 4th quarter. OxenFree Capital LLC now owns 20,597 shares of the company’s stock valued at $1,177,000 after purchasing an additional 3,631 shares in the last quarter. CoreCap Advisors LLC raised its stake in Invesco S&P SmallCap Value with Momentum ETF by 65.3% during the 4th quarter. CoreCap Advisors LLC now owns 4,793 shares of the company’s stock valued at $274,000 after purchasing an additional 1,893 shares during the period. Fermata Advisors LLC grew its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 1.8% during the fourth quarter. Fermata Advisors LLC now owns 55,396 shares of the company’s stock valued at $3,165,000 after buying an additional 980 shares in the last quarter. Cooper Financial Group lifted its stake in Invesco S&P SmallCap Value with Momentum ETF by 3.4% in the 4th quarter. Cooper Financial Group now owns 73,573 shares of the company’s stock worth $4,204,000 after acquiring an additional 2,403 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in Invesco S&P SmallCap Value with Momentum ETF during the 3rd quarter valued at about $68,000.

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.