Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Sees Large Volume Increase – What’s Next?

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) saw an uptick in trading volume on Thursday . 92,813 shares changed hands during trading, an increase of 60% from the previous session’s volume of 58,157 shares.The stock last traded at $59.3410 and had previously closed at $58.83.

Invesco S&P SmallCap Value with Momentum ETF Price Performance

The firm has a market cap of $614.00 million, a PE ratio of 9.55 and a beta of 1.07. The company has a 50 day simple moving average of $55.96 and a 200-day simple moving average of $54.84.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in Invesco S&P SmallCap Value with Momentum ETF by 59.7% during the third quarter. NewEdge Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after purchasing an additional 215 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Invesco S&P SmallCap Value with Momentum ETF by 1.7% during the third quarter. Ameriprise Financial Inc. now owns 48,171 shares of the company’s stock valued at $2,720,000 after purchasing an additional 785 shares in the last quarter. Maia Wealth LLC purchased a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the 3rd quarter valued at $263,000. Private Advisor Group LLC boosted its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 24.1% in the third quarter. Private Advisor Group LLC now owns 98,349 shares of the company’s stock worth $5,553,000 after acquiring an additional 19,123 shares during the period. Finally, Altman Advisors Inc. boosted its stake in Invesco S&P SmallCap Value with Momentum ETF by 41.6% in the 3rd quarter. Altman Advisors Inc. now owns 123,864 shares of the company’s stock worth $6,993,000 after purchasing an additional 36,417 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.