Wealth Enhancement Advisory Services LLC Lowers Stock Holdings in Invesco S&P SmallCap Momentum ETF $XSMO

Wealth Enhancement Advisory Services LLC cut its holdings in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 435,326 shares of the company’s stock after selling 6,803 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Invesco S&P SmallCap Momentum ETF were worth $32,279,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in XSMO. Raymond James Financial Inc. grew 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 buying an additional 627,318 shares during the period. River Wealth Advisors LLC purchased a new position in shares of Invesco S&P SmallCap Momentum ETF during the 2nd quarter worth about $22,029,000. Bank of America Corp DE boosted its position in shares of Invesco S&P SmallCap Momentum ETF by 68.6% in the third quarter. Bank of America Corp DE now owns 443,833 shares of the company’s stock worth $32,653,000 after acquiring an additional 180,532 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF in the second quarter worth approximately $11,355,000. Finally, Osaic Holdings Inc. grew its holdings in Invesco S&P SmallCap Momentum ETF by 8.4% in the second 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.

Invesco S&P SmallCap Momentum ETF Stock Performance

Shares of XSMO stock opened at $75.21 on Tuesday. Invesco S&P SmallCap Momentum ETF has a one year low of $53.89 and a one year high of $81.36. The company has a 50 day moving average price of $77.80 and a 200 day moving average price of $74.70. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 19.29 and a beta of 1.07.

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.