Kingsview Wealth Management LLC Makes New $3.87 Million Investment in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

Kingsview Wealth Management LLC bought a new stake in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 58,532 shares of the company’s stock, valued at approximately $3,870,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mainstay Capital Management LLC ADV bought a new stake in Invesco S&P SmallCap Momentum ETF in the third quarter valued at $46,409,000. Apollon Wealth Management LLC boosted its stake in shares of Invesco S&P SmallCap Momentum ETF by 7.9% during the 4th quarter. Apollon Wealth Management LLC now owns 276,895 shares of the company’s stock valued at $18,306,000 after purchasing an additional 20,336 shares in the last quarter. Marmo Financial Group LLC increased its position in shares of Invesco S&P SmallCap Momentum ETF by 139.4% during the third quarter. Marmo Financial Group LLC now owns 268,613 shares of the company’s stock valued at $17,779,000 after buying an additional 156,422 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Invesco S&P SmallCap Momentum ETF by 6.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 209,318 shares of the company’s stock worth $13,855,000 after buying an additional 12,581 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in Invesco S&P SmallCap Momentum ETF by 21.1% in the third quarter. Stifel Financial Corp now owns 207,692 shares of the company’s stock worth $13,747,000 after buying an additional 36,235 shares during the period.

Invesco S&P SmallCap Momentum ETF Stock Performance

Invesco S&P SmallCap Momentum ETF stock opened at $69.01 on Monday. Invesco S&P SmallCap Momentum ETF has a fifty-two week low of $55.90 and a fifty-two week high of $74.38. The stock’s 50 day simple moving average is $68.49 and its two-hundred day simple moving average is $67.04. The stock has a market cap of $484.45 million, a price-to-earnings ratio of 15.91 and a beta of 1.19.

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.