Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Reaches New 12-Month High – What’s Next?

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $67.32 and last traded at $67.22, with a volume of 4947 shares traded. The stock had previously closed at $66.35.

Invesco S&P SmallCap Value with Momentum ETF Stock Down 0.0%

The firm has a market cap of $623.15 million, a price-to-earnings ratio of 9.55 and a beta of 1.01. The stock has a fifty day moving average price of $63.48 and a 200-day moving average price of $60.79.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Gateway Wealth Partners LLC acquired a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the first quarter valued at approximately $334,000. Cetera Investment Advisers increased its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 1.1% in the first quarter. Cetera Investment Advisers now owns 144,598 shares of the company’s stock valued at $8,713,000 after purchasing an additional 1,549 shares during the period. Assetmark Inc. acquired a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the first quarter valued at approximately $1,277,000. Independent Financial Group LLC acquired a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the first quarter valued at approximately $265,000. Finally, Kellett Wealth Advisors LLC increased its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 4.5% in the first quarter. Kellett Wealth Advisors LLC now owns 68,120 shares of the company’s stock valued at $4,105,000 after purchasing an additional 2,932 shares during the period.

Invesco S&P SmallCap Value with Momentum ETF Company Profile

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.