Invesco S&P SmallCap Momentum ETF $XSMO Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its position in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 6.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 120,337 shares of the company’s stock after selling 8,427 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Invesco S&P SmallCap Momentum ETF were worth $11,267,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Capstone Wealth Management Group LLC raised its holdings in shares of Invesco S&P SmallCap Momentum ETF by 138.0% during the first quarter. Capstone Wealth Management Group LLC now owns 46,666 shares of the company’s stock worth $2,928,000 after purchasing an additional 27,061 shares during the period. Focus Partners Wealth acquired a new position in shares of Invesco S&P SmallCap Momentum ETF during the 1st quarter valued at $539,000. Cerity Partners LLC acquired a new stake in Invesco S&P SmallCap Momentum ETF during the second quarter valued at approximately $818,000. Raymond James Financial Inc. lifted its holdings 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 last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Invesco S&P SmallCap Momentum ETF by 7.6% in the second quarter. Ameriprise Financial Inc. now owns 9,414 shares of the company’s stock worth $640,000 after acquiring an additional 665 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Stock Performance

Shares of XSMO opened at $83.56 on Friday. The company’s 50 day moving average price is $87.22 and its 200 day moving average price is $84.82. Invesco S&P SmallCap Momentum ETF has a 52 week low of $68.59 and a 52 week high of $93.68. The company has a market capitalization of $2.92 billion, a PE ratio of 19.29 and a beta of 1.08.

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.