Modern Wealth Management LLC Reduces Stock Holdings in Invesco S&P SmallCap Momentum ETF $XSMO

Modern Wealth Management LLC reduced its stake in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 217,165 shares of the company’s stock after selling 7,832 shares during the quarter. Modern Wealth Management LLC’s holdings in Invesco S&P SmallCap Momentum ETF were worth $16,713,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Total Clarity Wealth Management Inc. bought a new position in Invesco S&P SmallCap Momentum ETF in the 1st quarter valued at about $665,000. Apollon Wealth Management LLC boosted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 1.6% during the fourth quarter. Apollon Wealth Management LLC now owns 384,931 shares of the company’s stock worth $27,719,000 after acquiring an additional 6,215 shares during the period. Redhawk Wealth Advisors Inc. boosted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 79.6% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 62,759 shares of the company’s stock worth $4,519,000 after acquiring an additional 27,816 shares during the period. Capital Investment Counsel LLC acquired a new position in shares of Invesco S&P SmallCap Momentum ETF in the fourth quarter valued at approximately $2,245,000. Finally, Fortis Capital Advisors LLC acquired a new position in shares of Invesco S&P SmallCap Momentum ETF in the fourth quarter valued at approximately $719,000.

Invesco S&P SmallCap Momentum ETF Trading Down 0.1%

Shares of NYSEARCA XSMO opened at $88.20 on Friday. The firm has a market cap of $3.05 billion, a P/E ratio of 19.29 and a beta of 1.08. Invesco S&P SmallCap Momentum ETF has a 1-year low of $66.16 and a 1-year high of $93.68. The business’s 50 day moving average is $88.44 and its 200-day moving average is $82.58.

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.