HighTower Advisors LLC Purchases 49,176 Shares of Invesco S&P SmallCap Momentum ETF $XSMO

HighTower Advisors LLC raised its position in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 650.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,739 shares of the company’s stock after buying an additional 49,176 shares during the period. HighTower Advisors LLC owned 0.20% of Invesco S&P SmallCap Momentum ETF worth $4,174,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of XSMO. Raymond James Financial Inc. grew its holdings in shares of Invesco S&P SmallCap Momentum ETF by 154.4% in the second 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 in the last quarter. River Wealth Advisors LLC purchased a new position in Invesco S&P SmallCap Momentum ETF in the second quarter worth $22,029,000. Thrivent Financial for Lutherans purchased a new position in Invesco S&P SmallCap Momentum ETF in the second quarter worth $11,355,000. Osaic Holdings Inc. grew its stake in Invesco S&P SmallCap Momentum ETF by 8.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,750,582 shares of the company’s stock valued at $119,082,000 after purchasing an additional 135,949 shares during the period. Finally, Great Valley Advisor Group Inc. purchased a new stake in shares of Invesco S&P SmallCap Momentum ETF during the 2nd quarter valued at $8,159,000.

Invesco S&P SmallCap Momentum ETF Stock Performance

Shares of NYSEARCA:XSMO opened at $79.32 on Wednesday. The company’s 50-day moving average is $76.55 and its 200 day moving average is $73.94. The company has a market capitalization of $2.31 billion, a P/E ratio of 19.29 and a beta of 1.07. Invesco S&P SmallCap Momentum ETF has a fifty-two week low of $53.89 and a fifty-two week high of $81.36.

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.