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

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) saw unusually-high trading volume on Friday . Approximately 132,582 shares were traded during mid-day trading, an increase of 54% from the previous session’s volume of 86,276 shares.The stock last traded at $50.05 and had previously closed at $49.34.

Invesco S&P SmallCap Value with Momentum ETF Price Performance

The company has a 50-day moving average price of $53.89 and a 200-day moving average price of $55.18. The firm has a market capitalization of $642.73 million, a PE ratio of 9.81 and a beta of 1.26.

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

Several institutional investors and hedge funds have recently made changes to their positions in XSVM. Sigma Planning Corp lifted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 6.8% in the third quarter. Sigma Planning Corp now owns 6,911 shares of the company’s stock valued at $380,000 after acquiring an additional 437 shares in the last quarter. Lowery Thomas LLC lifted its position in Invesco S&P SmallCap Value with Momentum ETF by 10.7% during the third quarter. Lowery Thomas LLC now owns 23,302 shares of the company’s stock worth $1,281,000 after buying an additional 2,259 shares during the period. Howe & Rusling Inc. purchased a new position in Invesco S&P SmallCap Value with Momentum ETF during the third quarter worth about $26,000. Altman Advisors Inc. lifted its position in Invesco S&P SmallCap Value with Momentum ETF by 31.4% during the third quarter. Altman Advisors Inc. now owns 80,740 shares of the company’s stock worth $4,440,000 after buying an additional 19,284 shares during the period. Finally, FMR LLC lifted its position in Invesco S&P SmallCap Value with Momentum ETF by 11.5% during the third quarter. FMR LLC now owns 1,902 shares of the company’s stock worth $105,000 after buying an additional 196 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.