Founders Financial Securities LLC acquired a new position in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,189 shares of the company’s stock, valued at approximately $1,158,000.
Other hedge funds have also bought and sold shares of the company. Markowski Investments acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF during the 2nd quarter worth approximately $18,314,000. Apollon Wealth Management LLC increased its holdings in Invesco S&P SmallCap Momentum ETF by 16.6% in the third quarter. Apollon Wealth Management LLC now owns 646,349 shares of the company’s stock valued at $52,729,000 after buying an additional 92,041 shares in the last quarter. Fifth Third Securities Inc. purchased a new position in Invesco S&P SmallCap Momentum ETF in the third quarter valued at $5,858,000. Kinetic Wealth Investment Advisors LLC acquired a new position in shares of Invesco S&P SmallCap Momentum ETF in the second quarter worth about $6,577,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Invesco S&P SmallCap Momentum ETF by 4.0% in the second quarter. Envestnet Asset Management Inc. now owns 1,785,627 shares of the company’s stock worth $167,188,000 after acquiring an additional 69,188 shares during the period.
Invesco S&P SmallCap Momentum ETF Stock Down 1.9%
XSMO stock opened at $80.98 on Friday. The company’s 50-day simple moving average is $82.36 and its 200-day simple moving average is $83.29. Invesco S&P SmallCap Momentum ETF has a 52-week low of $68.59 and a 52-week high of $93.68. The firm has a market cap of $2.81 billion, a P/E ratio of 19.29 and a beta of 1.11.
Invesco S&P SmallCap Momentum ETF 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.
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