Meridian Wealth Management LLC Acquires 18,617 Shares of Invesco S&P SmallCap Momentum ETF $XSMO

Meridian Wealth Management LLC lifted its holdings in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 16.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,466 shares of the company’s stock after purchasing an additional 18,617 shares during the period. Meridian Wealth Management LLC’s holdings in Invesco S&P SmallCap Momentum ETF were worth $9,525,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its stake in Invesco S&P SmallCap Momentum ETF by 8.4% in the second quarter. Osaic Holdings Inc. now owns 1,750,582 shares of the company’s stock valued at $119,082,000 after buying an additional 135,949 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Invesco S&P SmallCap Momentum ETF by 4.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,580,283 shares of the company’s stock valued at $107,491,000 after acquiring an additional 62,900 shares during the period. Cetera Investment Advisers boosted its stake in Invesco S&P SmallCap Momentum ETF by 8.8% during the second quarter. Cetera Investment Advisers now owns 1,278,102 shares of the company’s stock worth $86,936,000 after acquiring an additional 103,022 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Invesco S&P SmallCap Momentum ETF by 154.4% in the second quarter. Raymond James Financial Inc. now owns 1,033,548 shares of the company’s stock worth $70,302,000 after purchasing an additional 627,318 shares during the period. Finally, Gratus Wealth Advisors LLC increased its stake in Invesco S&P SmallCap Momentum ETF by 2.0% in the third quarter. Gratus Wealth Advisors LLC now owns 486,777 shares of the company’s stock valued at $35,812,000 after purchasing an additional 9,442 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Trading Down 0.9%

Shares of NYSEARCA XSMO opened at $76.25 on Friday. The firm has a market capitalization of $2.22 billion, a P/E ratio of 19.29 and a beta of 1.07. The firm’s 50-day moving average price is $74.64 and its 200-day moving average price is $72.62. Invesco S&P SmallCap Momentum ETF has a 1-year low of $53.89 and a 1-year high of $79.18.

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.