Commonwealth Equity Services LLC Makes New Investment in Invesco S&P SmallCap Momentum ETF $XSMO

Commonwealth Equity Services LLC acquired a new stake in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 125,737 shares of the company’s stock, valued at approximately $10,258,000.

A number of other hedge funds have also recently made changes to their positions in the business. Oakworth Capital Inc. acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF in the 3rd quarter worth about $49,000. Mather Group LLC. bought a new position in Invesco S&P SmallCap Momentum ETF in the 3rd quarter valued at about $79,000. Assetmark Inc. lifted its position in Invesco S&P SmallCap Momentum ETF by 13.3% in the 1st quarter. Assetmark Inc. now owns 1,529 shares of the company’s stock valued at $116,000 after acquiring an additional 179 shares in the last quarter. Valley National Advisers Inc. acquired a new position in Invesco S&P SmallCap Momentum ETF during the 3rd quarter valued at about $125,000. Finally, Caldwell Trust Co acquired a new position in Invesco S&P SmallCap Momentum ETF during the 3rd quarter valued at about $245,000.

Invesco S&P SmallCap Momentum ETF Stock Performance

Shares of XSMO opened at $80.29 on Friday. The stock has a 50 day moving average price of $81.46 and a two-hundred day moving average price of $83.40. The firm has a market capitalization of $2.74 billion, a P/E ratio of 16.43 and a beta of 1.13. Invesco S&P SmallCap Momentum ETF has a 52 week low of $68.59 and a 52 week high of $93.68.

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.