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

Shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM – Get Rating) saw strong trading volume on Friday . 253,003 shares changed hands during trading, an increase of 182% from the previous session’s volume of 89,586 shares.The stock last traded at $43.25 and had previously closed at $44.70.

Invesco S&P SmallCap Value with Momentum ETF Stock Performance

The business’s 50-day moving average is $49.09 and its 200 day moving average is $48.11.

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

Hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 101.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 584,688 shares of the company’s stock valued at $24,089,000 after purchasing an additional 294,749 shares in the last quarter. LPL Financial LLC lifted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 19.2% in the 4th quarter. LPL Financial LLC now owns 1,288,340 shares of the company’s stock worth $58,929,000 after purchasing an additional 207,733 shares during the period. 360 Financial Inc. bought a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF in the 3rd quarter valued at $7,834,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 436.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 220,343 shares of the company’s stock valued at $10,079,000 after acquiring an additional 179,262 shares in the last quarter. Finally, Raymond James & Associates increased its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 117.5% in the 3rd quarter. Raymond James & Associates now owns 214,885 shares of the company’s stock valued at $8,853,000 after acquiring an additional 116,068 shares in the last quarter.

About Invesco S&P SmallCap Value with Momentum ETF

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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.