Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Reaches New 52-Week High – Here’s Why

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)’s share price reached a new 52-week high during trading 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 Trading Down 0.1%

The stock has a 50-day moving average of $87.09 and a 200-day moving average of $80.46. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 19.29 and a beta of 1.09.

Hedge Funds Weigh In On Invesco S&P SmallCap Momentum ETF

Several hedge funds have recently modified their holdings of the company. LPL Financial LLC increased its stake in Invesco S&P SmallCap Momentum ETF by 3.2% in the 4th quarter. LPL Financial LLC now owns 2,171,515 shares of the company’s stock worth $156,371,000 after purchasing an additional 66,942 shares in the last quarter. Osaic Holdings Inc. boosted its position in Invesco S&P SmallCap Momentum ETF by 2.0% during the fourth quarter. Osaic Holdings Inc. now owns 1,730,681 shares of the company’s stock valued at $124,644,000 after purchasing an additional 33,235 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 28.4% during the 3rd quarter. Raymond James Financial Inc. now owns 1,327,495 shares of the company’s stock worth $97,664,000 after purchasing an additional 293,947 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 23.7% during the 4th quarter. Morgan Stanley now owns 942,702 shares of the company’s stock valued at $67,884,000 after buying an additional 180,690 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Invesco S&P SmallCap Momentum ETF by 7.3% in the 1st quarter. Cetera Investment Advisers now owns 870,093 shares of the company’s stock valued at $66,144,000 after buying an additional 59,526 shares in 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.