Invesco S&P SmallCap Value with Momentum ETF (XSVM)
Invesco S&P SmallCap Value with Momentum ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $70.82, up 0.35% on the session, giving a market capitalisation of $647.4M. Its beta of 0.91 implies it has historically moved less than the broad market.
The Invesco S&P SmallCap Value with Momentum ETF (XSVM) is designed to track the performance of the S&P 600 High Momentum Value Index. This fund primarily invests in the constituents of its underlying benchmark, aiming to allocate at least 90% of its total assets to these specific securities. The index itself is constructed from 120 companies selected from the broader S&P SmallCap 600 Index. These companies are chosen for exhibiting the highest "value" and "momentum" characteristics, which are determined by the index's proprietary calculation method. The allocation of each component within the index is dictated by its value score, meaning stocks with stronger value indicators receive a larger weighting. Both the ETF and the benchmark index are reviewed and adjusted bi-annually.
Invesco S&P SmallCap Value with Momentum ETF is most often compared with the following Financial Services names: