USAdvisors Wealth Management LLC Has $6.08 Million Position in Invesco S&P SmallCap Momentum ETF $XSMO

USAdvisors Wealth Management LLC lifted its position in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 8.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,516 shares of the company’s stock after purchasing an additional 6,851 shares during the quarter. Invesco S&P SmallCap Momentum ETF accounts for 2.3% of USAdvisors Wealth Management LLC’s portfolio, making the stock its 10th largest position. USAdvisors Wealth Management LLC owned about 0.36% of Invesco S&P SmallCap Momentum ETF worth $6,084,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of XSMO. Gratus Wealth Advisors LLC acquired a new position in shares of Invesco S&P SmallCap Momentum ETF in the first quarter valued at $29,830,000. CWM LLC raised its stake in Invesco S&P SmallCap Momentum ETF by 157.7% during the first quarter. CWM LLC now owns 346,667 shares of the company’s stock worth $21,753,000 after acquiring an additional 212,167 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Invesco S&P SmallCap Momentum ETF by 102.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 363,127 shares of the company’s stock worth $22,786,000 after acquiring an additional 183,547 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Invesco S&P SmallCap Momentum ETF by 13.2% during the first quarter. Envestnet Asset Management Inc. now owns 1,517,383 shares of the company’s stock worth $95,216,000 after acquiring an additional 176,891 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Invesco S&P SmallCap Momentum ETF by 54.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 462,553 shares of the company’s stock worth $32,092,000 after acquiring an additional 163,428 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Price Performance

Invesco S&P SmallCap Momentum ETF stock opened at $73.56 on Friday. The stock has a fifty day moving average price of $71.61 and a two-hundred day moving average price of $66.98. Invesco S&P SmallCap Momentum ETF has a 52-week low of $53.89 and a 52-week high of $74.51. The firm has a market capitalization of $1.97 billion, a P/E 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.