Invesco S&P SmallCap Value with Momentum ETF $XSVM Shares Sold by Bestgate Wealth Advisors LLC

Bestgate Wealth Advisors LLC reduced its stake in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) by 22.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,337 shares of the company’s stock after selling 7,240 shares during the quarter. Invesco S&P SmallCap Value with Momentum ETF makes up approximately 2.6% of Bestgate Wealth Advisors LLC’s investment portfolio, making the stock its 13th largest position. Bestgate Wealth Advisors LLC’s holdings in Invesco S&P SmallCap Value with Momentum ETF were worth $1,467,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of XSVM. NewEdge Advisors LLC raised its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 59.7% during the 3rd quarter. NewEdge Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after acquiring an additional 215 shares during the period. Garton & Associates Financial Advisors LLC acquired a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the 4th quarter valued at about $32,000. UMB Bank n.a. purchased a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF in the fourth quarter valued at about $32,000. Kestra Advisory Services LLC purchased a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF in the fourth quarter valued at about $39,000. Finally, Steward Partners Investment Advisory LLC increased its position in Invesco S&P SmallCap Value with Momentum ETF by 94.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $56,000 after purchasing an additional 478 shares during the last quarter.

Invesco S&P SmallCap Value with Momentum ETF Trading Down 0.1%

Invesco S&P SmallCap Value with Momentum ETF stock opened at $69.59 on Wednesday. The company has a 50-day moving average price of $66.87 and a 200 day moving average price of $62.85. Invesco S&P SmallCap Value with Momentum ETF has a 12-month low of $50.75 and a 12-month high of $70.45. The stock has a market cap of $645.80 million, a P/E ratio of 9.55 and a beta of 1.00.

Invesco S&P SmallCap Value with Momentum ETF Company Profile

PowerShares Fundamental Pure Small Value Portfolio (the Fund), formerly PowerShares Dynamic Small Cap Value Portfolio, is based on the RAFI Fundamental Small Value Index (Index). The Fund focuses to invest at least 90% of its total assets in the securities that comprise the Index. The Index is consisted of common stocks of small value the United States companies, including real estate investment trusts (REITs), from a universe consisted of the 2,500 the United States companies. The Fund focuses to invest at least 90% of its total assets in the component securities, which comprise the Underlying Index.