Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Hits New 52-Week Low – Time to Sell?

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $55.86 and last traded at $57.23, with a volume of 514 shares changing hands. The stock had previously closed at $59.38.

Invesco S&P SmallCap Momentum ETF Stock Performance

The company has a 50 day moving average of $64.89 and a 200 day moving average of $67.06. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 15.65 and a beta of 1.11.

Invesco S&P SmallCap Momentum ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.1958 dividend. The ex-dividend date was Monday, March 24th.

Institutional Investors Weigh In On Invesco S&P SmallCap Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of XSMO. HighTower Advisors LLC increased its position in shares of Invesco S&P SmallCap Momentum ETF by 33.9% during the third quarter. HighTower Advisors LLC now owns 6,395 shares of the company’s stock valued at $423,000 after acquiring an additional 1,618 shares during the last quarter. FMR LLC increased its stake in shares of Invesco S&P SmallCap Momentum ETF by 68.0% during the third quarter. FMR LLC now owns 2,172 shares of the company’s stock worth $144,000 after buying an additional 879 shares during the period. Jane Street Group LLC acquired a new stake in Invesco S&P SmallCap Momentum ETF in the third quarter valued at approximately $292,000. Janney Montgomery Scott LLC grew its stake in shares of Invesco S&P SmallCap Momentum ETF by 8.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 118,081 shares of the company’s stock worth $7,806,000 after purchasing an additional 8,906 shares in the last quarter. Finally, Atria Investments Inc increased its holdings in shares of Invesco S&P SmallCap Momentum ETF by 8.5% in the 4th quarter. Atria Investments Inc now owns 17,850 shares of the company’s stock valued at $1,180,000 after acquiring an additional 1,404 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Company Profile

The Invesco S&P SmallCap Momentum ETF (XSMO) is an exchange-traded fund that is based on the S&P Small Cap 600 Momentum index. The fund tracks an index of US small-caps stocks selected by momentum. Holdings are weighted by a combination of market cap and momentum. XSMO was launched on Mar 3, 2005 and is managed by Invesco.