Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Reaches New 12-Month High – Should You Buy?

by · The Cerbat Gem

Shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $88.59 and last traded at $88.58, with a volume of 166769 shares. The stock had previously closed at $86.06.

Invesco S&P SmallCap Momentum ETF Trading Down 0.2%

The stock has a market cap of $2.79 billion, a P/E ratio of 19.29 and a beta of 1.11. The firm’s 50-day simple moving average is $82.59 and its 200 day simple moving average is $78.04.

Institutional Trading of Invesco S&P SmallCap Momentum ETF

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. lifted its holdings in Invesco S&P SmallCap Momentum ETF by 154.4% in the second quarter. Raymond James Financial Inc. now owns 1,033,548 shares of the company’s stock worth $70,302,000 after purchasing an additional 627,318 shares during the period. Thrivent Financial for Lutherans acquired a new position in Invesco S&P SmallCap Momentum ETF during the 4th quarter valued at about $17,019,000. Cetera Investment Advisers raised its position in shares of 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 buying an additional 221,567 shares in the last quarter. Core Wealth Advisors LLC bought a new stake in shares of Invesco S&P SmallCap Momentum ETF during the 4th quarter worth about $15,901,000. Finally, Orion Porfolio Solutions LLC lifted its stake in shares of Invesco S&P SmallCap Momentum ETF by 1,298.5% in 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 period.

Invesco S&P SmallCap Momentum ETF Company Profile

(Get Free Report)

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.

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