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

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $85.68 and last traded at $85.62, with a volume of 17446 shares changing hands. The stock had previously closed at $85.19.

Invesco S&P SmallCap Momentum ETF Trading Down 0.4%

The firm has a market cap of $2.58 billion, a P/E ratio of 19.29 and a beta of 1.06. The business has a 50-day moving average of $78.63 and a two-hundred day moving average of $75.58.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of XSMO. Raymond James Financial Inc. grew its position in Invesco S&P SmallCap Momentum ETF by 154.4% during the 2nd quarter. Raymond James Financial Inc. now owns 1,033,548 shares of the company’s stock worth $70,302,000 after acquiring an additional 627,318 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in Invesco S&P SmallCap Momentum ETF during the 4th quarter worth $17,019,000. Cetera Investment Advisers grew its position in Invesco S&P SmallCap Momentum ETF by 37.6% during the 4th quarter. Cetera Investment Advisers now owns 810,567 shares of the company’s stock worth $58,369,000 after acquiring an additional 221,567 shares during the last quarter. Core Wealth Advisors LLC bought a new stake in Invesco S&P SmallCap Momentum ETF during the 4th quarter worth $15,901,000. Finally, Orion Porfolio Solutions LLC grew its position in Invesco S&P SmallCap Momentum ETF by 1,298.5% during the 4th quarter. Orion Porfolio Solutions LLC now owns 234,273 shares of the company’s stock worth $16,870,000 after acquiring an additional 217,521 shares during 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.