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

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)’s share price reached a new 52-week high on Thursday . The company traded as high as $81.21 and last traded at $80.39, with a volume of 207868 shares changing hands. The stock had previously closed at $80.44.

Invesco S&P SmallCap Momentum ETF Stock Up 0.9%

The firm has a 50-day simple moving average of $75.84 and a 200-day simple moving average of $73.32. The stock has a market cap of $2.32 billion, a PE ratio of 19.29 and a beta of 1.07.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. LPL Financial LLC grew its stake in Invesco S&P SmallCap Momentum ETF by 3.2% during the fourth quarter. LPL Financial LLC now owns 2,171,515 shares of the company’s stock valued at $156,371,000 after acquiring an additional 66,942 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Invesco S&P SmallCap Momentum ETF by 8.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,750,582 shares of the company’s stock worth $119,082,000 after purchasing an additional 135,949 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Invesco S&P SmallCap Momentum ETF by 2.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,617,479 shares of the company’s stock valued at $118,998,000 after purchasing an additional 37,196 shares during the period. Raymond James Financial Inc. grew its position in shares of Invesco S&P SmallCap Momentum ETF by 28.4% during the 3rd quarter. Raymond James Financial Inc. now owns 1,327,495 shares of the company’s stock valued at $97,664,000 after purchasing an additional 293,947 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Invesco S&P SmallCap Momentum ETF by 8.8% during the 2nd quarter. Cetera Investment Advisers now owns 1,278,102 shares of the company’s stock valued at $86,936,000 after purchasing an additional 103,022 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Company Profile

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.