Partners Wealth Management LLC Buys 9,417 Shares of Invesco S&P SmallCap Momentum ETF $XSMO

Partners Wealth Management LLC bought a new stake in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,417 shares of the company’s stock, valued at approximately $768,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in Invesco S&P SmallCap Momentum ETF by 4.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,785,627 shares of the company’s stock valued at $167,188,000 after purchasing an additional 69,188 shares during the last quarter. Nvest Financial LLC acquired a new position in shares of Invesco S&P SmallCap Momentum ETF in the first quarter valued at about $4,099,000. Markowski Investments purchased a new position in shares of Invesco S&P SmallCap Momentum ETF in the second quarter worth about $18,314,000. Cetera Investment Advisers raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 7.3% in the first quarter. Cetera Investment Advisers now owns 870,093 shares of the company’s stock worth $66,144,000 after purchasing an additional 59,526 shares during the last quarter. Finally, Compass Financial Management LLC purchased a new position in shares of Invesco S&P SmallCap Momentum ETF in the second quarter worth about $3,801,000.

Invesco S&P SmallCap Momentum ETF Stock Down 1.9%

Invesco S&P SmallCap Momentum ETF stock opened at $80.98 on Friday. Invesco S&P SmallCap Momentum ETF has a 52 week low of $68.59 and a 52 week high of $93.68. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 19.29 and a beta of 1.11. The stock has a 50-day moving average price of $82.36 and a 200 day moving average price of $83.29.

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.