Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Hits New 12-Month High – Should You Buy?

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

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

The firm has a fifty day moving average price of $69.15 and a 200-day moving average price of $64.79. The firm has a market cap of $676.83 million, a price-to-earnings ratio of 9.55 and a beta of 1.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in Invesco S&P SmallCap Value with Momentum ETF by 271.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 353,900 shares of the company’s stock valued at $20,222,000 after acquiring an additional 258,711 shares during the period. 360 Financial Inc. raised its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 1.1% in the 4th quarter. 360 Financial Inc. now owns 314,110 shares of the company’s stock worth $17,948,000 after purchasing an additional 3,308 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 173.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 275,638 shares of the company’s stock worth $15,750,000 after purchasing an additional 174,751 shares during the period. Traction Financial Partners LLC lifted its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 1.5% in the 4th quarter. Traction Financial Partners LLC now owns 172,030 shares of the company’s stock valued at $9,830,000 after purchasing an additional 2,487 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 1.1% in the 1st 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 in the last quarter.

About Invesco S&P SmallCap Value with Momentum ETF

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.