Envestnet Asset Management Inc. Boosts Position in Invesco S&P SmallCap Momentum ETF $XSMO

Envestnet Asset Management Inc. grew its holdings in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,617,479 shares of the company’s stock after buying an additional 37,196 shares during the quarter. Envestnet Asset Management Inc. owned 5.82% of Invesco S&P SmallCap Momentum ETF worth $118,998,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Guerra Advisors Inc acquired a new position in shares of Invesco S&P SmallCap Momentum ETF during the 3rd quarter valued at $96,000. Comprehensive Wealth Management LLC increased its position in shares of Invesco S&P SmallCap Momentum ETF by 27.4% during the third quarter. Comprehensive Wealth Management LLC now owns 20,237 shares of the company’s stock worth $1,489,000 after acquiring an additional 4,347 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Invesco S&P SmallCap Momentum ETF by 59.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 243,663 shares of the company’s stock valued at $17,848,000 after purchasing an additional 90,410 shares in the last quarter. Prostatis Group LLC raised its holdings in Invesco S&P SmallCap Momentum ETF by 22.3% in the third quarter. Prostatis Group LLC now owns 66,525 shares of the company’s stock valued at $4,894,000 after acquiring an additional 12,149 shares in the last quarter. Finally, Meridian Wealth Management LLC raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 16.8% in the 3rd quarter. Meridian Wealth Management LLC now owns 129,466 shares of the company’s stock valued at $9,525,000 after purchasing an additional 18,617 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Stock Performance

Shares of XSMO stock opened at $80.39 on Friday. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 19.29 and a beta of 1.07. Invesco S&P SmallCap Momentum ETF has a one year low of $53.89 and a one year high of $80.56. The company’s 50-day simple moving average is $75.14 and its 200-day simple moving average is $72.92.

About Invesco S&P SmallCap Momentum ETF

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.