Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Sees Unusually-High Trading Volume

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) shares saw an uptick in trading volume on Friday . 65,268 shares changed hands during trading, a decline of 6% from the previous session’s volume of 69,222 shares.The stock last traded at $52.49 and had previously closed at $51.75.

Invesco S&P SmallCap Value with Momentum ETF Stock Up 1.2 %

The firm has a market capitalization of $743.80 million, a price-to-earnings ratio of 8.08 and a beta of 1.09. The stock’s fifty day moving average is $54.05 and its two-hundred day moving average is $53.85.

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

Several institutional investors and hedge funds have recently modified their holdings of XSVM. Traction Financial Partners LLC acquired a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the fourth quarter valued at about $10,537,000. Asset Allocation Strategies LLC grew its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 14.2% in the fourth quarter. Asset Allocation Strategies LLC now owns 66,247 shares of the company’s stock valued at $3,589,000 after acquiring an additional 8,249 shares in the last quarter. Southland Equity Partners LLC lifted its position in Invesco S&P SmallCap Value with Momentum ETF by 8.4% during the fourth quarter. Southland Equity Partners LLC now owns 9,394 shares of the company’s stock worth $509,000 after purchasing an additional 731 shares during the period. Avantax Advisory Services Inc. lifted its position in Invesco S&P SmallCap Value with Momentum ETF by 15.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 188,754 shares of the company’s stock worth $10,225,000 after purchasing an additional 25,355 shares during the period. Finally, TruWealth Advisors LLC lifted its position in Invesco S&P SmallCap Value with Momentum ETF by 11.4% during the fourth quarter. TruWealth Advisors LLC now owns 10,452 shares of the company’s stock worth $566,000 after purchasing an additional 1,073 shares during the period.

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.