Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Sees Strong Trading Volume – Time to Buy?

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) shares saw an uptick in trading volume on Monday . 183,705 shares changed hands during trading, an increase of 104% from the previous session’s volume of 90,101 shares.The stock last traded at $52.20 and had previously closed at $52.35.

Invesco S&P SmallCap Value with Momentum ETF Stock Performance

The firm has a market capitalization of $746.92 million, a price-to-earnings ratio of 8.08 and a beta of 1.09. The business has a fifty day moving average price of $57.03 and a 200 day moving average price of $55.39.

Institutional Trading of Invesco S&P SmallCap Value with Momentum ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Howe & Rusling Inc. purchased a new stake in Invesco S&P SmallCap Value with Momentum ETF during the 3rd quarter worth $26,000. FMR LLC boosted its position in Invesco S&P SmallCap Value with Momentum ETF by 11.5% in the 3rd quarter. FMR LLC now owns 1,902 shares of the company’s stock valued at $105,000 after buying an additional 196 shares during the last quarter. Sheets Smith Wealth Management purchased a new position in Invesco S&P SmallCap Value with Momentum ETF in the 3rd quarter valued at about $206,000. Financial Advocates Investment Management purchased a new position in Invesco S&P SmallCap Value with Momentum ETF in the 3rd quarter valued at about $228,000. Finally, Schrum Private Wealth Management LLC purchased a new position in Invesco S&P SmallCap Value with Momentum ETF in the 3rd quarter valued at about $244,000.

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.