Concorde Asset Management LLC Boosts Stock Position in Invesco S&P SmallCap Momentum ETF $XSMO

Concorde Asset Management LLC raised its holdings in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 41.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,167 shares of the company’s stock after acquiring an additional 7,941 shares during the quarter. Invesco S&P SmallCap Momentum ETF makes up 1.5% of Concorde Asset Management LLC’s holdings, making the stock its 22nd largest holding. Concorde Asset Management LLC owned about 0.08% of Invesco S&P SmallCap Momentum ETF worth $2,544,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James Financial Inc. boosted its stake in shares of Invesco S&P SmallCap Momentum ETF by 154.4% during the second quarter. Raymond James Financial Inc. now owns 1,033,548 shares of the company’s stock valued at $70,302,000 after purchasing an additional 627,318 shares during the period. Thrivent Financial for Lutherans purchased a new stake in Invesco S&P SmallCap Momentum ETF in the 4th quarter valued at about $17,019,000. Cetera Investment Advisers grew its stake in Invesco S&P SmallCap Momentum ETF by 37.6% in the 4th quarter. Cetera Investment Advisers now owns 810,567 shares of the company’s stock worth $58,369,000 after acquiring an additional 221,567 shares in the last quarter. Core Wealth Advisors LLC purchased a new position in shares of Invesco S&P SmallCap Momentum ETF during the fourth quarter worth approximately $15,901,000. Finally, Orion Porfolio Solutions LLC raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 1,298.5% during the fourth quarter. Orion Porfolio Solutions LLC now owns 234,273 shares of the company’s stock valued at $16,870,000 after acquiring an additional 217,521 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Stock Performance

Shares of NYSEARCA XSMO opened at $85.10 on Wednesday. Invesco S&P SmallCap Momentum ETF has a 52-week low of $68.59 and a 52-week high of $93.68. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 19.29 and a beta of 1.08. The stock has a 50 day moving average price of $87.51 and a 200 day moving average price of $84.76.

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.