Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Sets New 52-Week High – Time to Buy?

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $72.46 and last traded at $72.46, with a volume of 7568 shares traded. The stock had previously closed at $71.20.

Invesco S&P SmallCap Value with Momentum ETF Trading Up 0.9%

The company has a market cap of $687.20 million, a price-to-earnings ratio of 9.55 and a beta of 1.00. The company’s 50 day moving average price is $69.37 and its 200 day moving average price is $64.97.

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

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in Invesco S&P SmallCap Value with Momentum ETF by 6.3% during the 1st quarter. AQR Capital Management LLC now owns 24,066 shares of the company’s stock worth $1,208,000 after purchasing an additional 1,417 shares during the period. Jane Street Group LLC lifted its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 62.7% in the 1st quarter. Jane Street Group LLC now owns 10,370 shares of the company’s stock valued at $521,000 after buying an additional 3,997 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF in the third quarter valued at approximately $68,000. Maia Wealth LLC purchased a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF in the third quarter valued at approximately $263,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 1.7% in the third quarter. Ameriprise Financial Inc. now owns 48,171 shares of the company’s stock valued at $2,720,000 after buying an additional 785 shares in the last quarter.

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.