Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Reaches New 52-Week High – Should You Buy?

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) shares reached a new 52-week high on Thursday . The company traded as high as $91.30 and last traded at $90.96, with a volume of 54523 shares traded. The stock had previously closed at $89.84.

Invesco S&P SmallCap Momentum ETF Price Performance

The stock’s 50-day moving average price is $86.76 and its 200-day moving average price is $80.26. The company has a market cap of $2.85 billion, a P/E ratio of 19.29 and a beta of 1.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC grew its position in Invesco S&P SmallCap Momentum ETF by 650.2% during the third quarter. HighTower Advisors LLC now owns 56,739 shares of the company’s stock worth $4,174,000 after buying an additional 49,176 shares in the last quarter. Total Clarity Wealth Management Inc. acquired a new position in Invesco S&P SmallCap Momentum ETF in the 1st quarter valued at $665,000. Apollon Wealth Management LLC grew its holdings in shares of Invesco S&P SmallCap Momentum ETF by 1.6% during the 4th quarter. Apollon Wealth Management LLC now owns 384,931 shares of the company’s stock worth $27,719,000 after purchasing an additional 6,215 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its position in shares of Invesco S&P SmallCap Momentum ETF by 79.6% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 62,759 shares of the company’s stock worth $4,519,000 after purchasing an additional 27,816 shares during the period. Finally, USAdvisors Wealth Management LLC increased its position in shares of Invesco S&P SmallCap Momentum ETF by 8.9% in the third quarter. USAdvisors Wealth Management LLC now owns 97,487 shares of the company’s stock worth $7,172,000 after purchasing an additional 7,971 shares during the period.

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.