Blue Jean Financial LLC Takes $1.42 Million Position in Invesco S&P SmallCap Momentum ETF $XSMO

Blue Jean Financial LLC acquired a new stake in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 19,650 shares of the company’s stock, valued at approximately $1,415,000.

Several other hedge funds have also modified their holdings of the stock. LPL Financial LLC raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 3.2% in the fourth quarter. LPL Financial LLC now owns 2,171,515 shares of the company’s stock valued at $156,371,000 after acquiring an additional 66,942 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 28.4% in the third quarter. Raymond James Financial Inc. now owns 1,327,495 shares of the company’s stock valued at $97,664,000 after acquiring an additional 293,947 shares in the last quarter. Morgan Stanley raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 23.7% in the fourth quarter. Morgan Stanley now owns 942,702 shares of the company’s stock valued at $67,884,000 after acquiring an additional 180,690 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 5.8% in the fourth quarter. Wells Fargo & Company MN now owns 835,228 shares of the company’s stock valued at $60,145,000 after acquiring an additional 45,527 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 14.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 581,644 shares of the company’s stock valued at $41,884,000 after acquiring an additional 74,284 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Trading Up 1.2%

Shares of NYSEARCA XSMO opened at $89.72 on Friday. The stock has a market cap of $2.81 billion, a P/E ratio of 19.29 and a beta of 1.09. Invesco S&P SmallCap Momentum ETF has a 12-month low of $65.31 and a 12-month high of $90.55. The business’s fifty day simple moving average is $85.23 and its 200-day simple moving average is $79.29.

About Invesco S&P SmallCap Momentum ETF

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.