Valmark Advisers Inc. Raises Stock Position in Invesco S&P SmallCap Value with Momentum ETF $XSVM

Valmark Advisers Inc. raised its position in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 311,203 shares of the company’s stock after purchasing an additional 15,896 shares during the quarter. Valmark Advisers Inc. owned about 3.01% of Invesco S&P SmallCap Value with Momentum ETF worth $17,571,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Harbor Asset Planning Inc. acquired a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF during the 2nd quarter worth approximately $50,000. Beacon Capital Management Inc. acquired a new stake in Invesco S&P SmallCap Value with Momentum ETF during the second quarter worth $56,000. Ameritas Advisory Services LLC purchased a new stake in Invesco S&P SmallCap Value with Momentum ETF in the second quarter valued at $79,000. Private Trust Co. NA raised its position in Invesco S&P SmallCap Value with Momentum ETF by 13.3% in the second quarter. Private Trust Co. NA now owns 2,133 shares of the company’s stock valued at $111,000 after purchasing an additional 250 shares during the period. Finally, CoreCap Advisors LLC lifted its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 17.1% in the 3rd quarter. CoreCap Advisors LLC now owns 2,900 shares of the company’s stock valued at $164,000 after purchasing an additional 423 shares during the last quarter.

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

Shares of NYSEARCA:XSVM opened at $59.66 on Friday. The company has a market capitalization of $598.39 million, a price-to-earnings ratio of 9.55 and a beta of 1.07. Invesco S&P SmallCap Value with Momentum ETF has a 12-month low of $43.30 and a 12-month high of $60.00. The business has a 50-day moving average price of $56.93 and a 200 day moving average price of $55.75.

About Invesco S&P SmallCap Value with Momentum ETF

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.