Independent Financial Group LLC Buys Shares of 7,738 Invesco S&P SmallCap Momentum ETF $XSMO

Independent Financial Group LLC purchased a new stake in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,738 shares of the company’s stock, valued at approximately $588,000.

A number of other hedge funds have also modified their holdings of XSMO. Seros Financial LLC increased its position in shares of Invesco S&P SmallCap Momentum ETF by 60.3% during the 1st quarter. Seros Financial LLC now owns 125,274 shares of the company’s stock worth $9,523,000 after purchasing an additional 47,101 shares during the last quarter. Theory Financial LLC boosted its stake in Invesco S&P SmallCap Momentum ETF by 29.9% during the first quarter. Theory Financial LLC now owns 61,993 shares of the company’s stock worth $4,713,000 after buying an additional 14,285 shares during the period. Geneos Wealth Management Inc. boosted its stake in Invesco S&P SmallCap Momentum ETF by 2.8% during the first quarter. Geneos Wealth Management Inc. now owns 66,897 shares of the company’s stock worth $5,085,000 after buying an additional 1,798 shares during the period. Sigma Planning Corp increased its position in shares of Invesco S&P SmallCap Momentum ETF by 6.3% during the first quarter. Sigma Planning Corp now owns 19,342 shares of the company’s stock valued at $1,470,000 after acquiring an additional 1,140 shares during the last quarter. Finally, NBZ Investment Advisors LLC increased its position in shares of Invesco S&P SmallCap Momentum ETF by 5.6% during the first quarter. NBZ Investment Advisors LLC now owns 184,296 shares of the company’s stock valued at $14,010,000 after acquiring an additional 9,768 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Stock Performance

Invesco S&P SmallCap Momentum ETF stock opened at $88.29 on Thursday. The company’s 50 day simple moving average is $88.41 and its 200-day simple moving average is $82.47. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 19.29 and a beta of 1.08. Invesco S&P SmallCap Momentum ETF has a 1 year low of $66.16 and a 1 year high of $93.68.

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.