A small-cap ETF (a group of stocks from small companies) called XSVM has reached its highest value in a year. This is because the economy is growing, and small-cap stocks often do well when the economy is doing well. People are wondering if this ETF will keep doing well and keep increasing in value. Read from source...
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Summary:
- Invesco S&P SmallCap Value with Momentum ETF XSVM reached a 52-week high and is up 28% from its 52-week low price
- The ETF offers exposure to companies with high value and momentum scores
- Small-cap stocks tend to perform well in a growing economy
- The ETF has a Zacks ETF Rank of 3 (Hold) and many of its segments have strong industry ranks