Invesco S&P SmallCap Momentum ETF $XSMO Shares Bought by Sound Income Strategies LLC

Sound Income Strategies LLC raised its holdings in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 19.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,422 shares of the company’s stock after buying an additional 24,757 shares during the quarter. Sound Income Strategies LLC’s holdings in Invesco S&P SmallCap Momentum ETF were worth $11,730,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of XSMO. Capstone Wealth Management Group LLC lifted its stake in shares of Invesco S&P SmallCap Momentum ETF by 138.0% in the first quarter. Capstone Wealth Management Group LLC now owns 46,666 shares of the company’s stock worth $2,928,000 after buying an additional 27,061 shares in the last quarter. Focus Partners Wealth purchased a new stake in Invesco S&P SmallCap Momentum ETF during the 1st quarter valued at about $539,000. Cerity Partners LLC purchased a new stake in Invesco S&P SmallCap Momentum ETF during the 2nd quarter valued at about $818,000. Raymond James Financial Inc. raised its holdings in Invesco S&P SmallCap Momentum ETF by 154.4% in the 2nd quarter. Raymond James Financial Inc. now owns 1,033,548 shares of the company’s stock valued at $70,302,000 after acquiring an additional 627,318 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Invesco S&P SmallCap Momentum ETF by 7.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,414 shares of the company’s stock valued at $640,000 after acquiring an additional 665 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Price Performance

XSMO opened at $90.45 on Friday. The company’s 50 day simple moving average is $87.71 and its two-hundred day simple moving average is $81.00. Invesco S&P SmallCap Momentum ETF has a 1-year low of $66.16 and a 1-year high of $93.68. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 19.29 and a beta of 1.08.

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.