Invesco S&P SmallCap Momentum ETF $XSMO Stock: Provident Wealth Management LLC Lowers Stake

Provident Wealth Management LLC cut its holdings in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 26.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 73,507 shares of the company’s stock after selling 26,698 shares during the quarter. Invesco S&P SmallCap Momentum ETF accounts for 2.2% of Provident Wealth Management LLC’s investment portfolio, making the stock its 8th biggest holding. Provident Wealth Management LLC’s holdings in Invesco S&P SmallCap Momentum ETF were worth $5,997,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of XSMO. Retirement Planning Group LLC acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF during the 3rd quarter worth approximately $3,952,000. Clark Wealth Partners increased its stake in shares of Invesco S&P SmallCap Momentum ETF by 1.7% in the 3rd quarter. Clark Wealth Partners now owns 182,458 shares of the company’s stock valued at $14,885,000 after acquiring an additional 3,013 shares in the last quarter. AlphaStar Capital Management LLC bought a new stake in shares of Invesco S&P SmallCap Momentum ETF in the 3rd quarter valued at $355,000. Mather Group LLC. bought a new stake in shares of Invesco S&P SmallCap Momentum ETF in the 3rd quarter valued at $79,000. Finally, Lodestone Wealth Management LLC increased its stake in shares of Invesco S&P SmallCap Momentum ETF by 5.1% in the 3rd quarter. Lodestone Wealth Management LLC now owns 23,655 shares of the company’s stock valued at $1,930,000 after acquiring an additional 1,156 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Stock Up 1.3%

Invesco S&P SmallCap Momentum ETF stock opened at $80.02 on Wednesday. Invesco S&P SmallCap Momentum ETF has a 12-month low of $68.59 and a 12-month high of $93.68. The firm’s fifty day moving average is $83.55 and its 200 day moving average is $85.76. The company has a market capitalization of $2.81 billion, a PE ratio of 19.29 and a beta of 1.11.

Invesco S&P SmallCap Momentum ETF 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.