Raymond James Financial Inc. Buys Shares of 463,735 Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

Raymond James Financial Inc. purchased a new position in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) in the fourth quarter, HoldingsChannel reports. The firm purchased 463,735 shares of the company’s stock, valued at approximately $30,658,000. Raymond James Financial Inc. owned 0.07% of Invesco S&P SmallCap Momentum ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. LPL Financial LLC boosted its stake in Invesco S&P SmallCap Momentum ETF by 41.3% during the fourth quarter. LPL Financial LLC now owns 1,794,668 shares of the company’s stock worth $118,645,000 after buying an additional 524,443 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 9.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,340,492 shares of the company’s stock worth $88,620,000 after acquiring an additional 110,899 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Invesco S&P SmallCap Momentum ETF by 59.3% in the 4th quarter. Wells Fargo & Company MN now owns 636,714 shares of the company’s stock valued at $42,093,000 after purchasing an additional 236,970 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in Invesco S&P SmallCap Momentum ETF by 1.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 487,300 shares of the company’s stock valued at $32,215,000 after purchasing an additional 6,037 shares during the period. Finally, Apollon Wealth Management LLC lifted its stake in Invesco S&P SmallCap Momentum ETF by 7.9% during the fourth quarter. Apollon Wealth Management LLC now owns 276,895 shares of the company’s stock worth $18,306,000 after purchasing an additional 20,336 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Stock Up 0.5 %

XSMO opened at $59.01 on Friday. The firm has a market cap of $1.33 billion, a P/E ratio of 15.65 and a beta of 1.11. Invesco S&P SmallCap Momentum ETF has a 52 week low of $53.89 and a 52 week high of $74.38. The business has a fifty day simple moving average of $62.45 and a 200-day simple moving average of $66.47.

About Invesco S&P SmallCap Momentum ETF

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.