Meridian Wealth Management LLC raised its position in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO – Free Report) by 26.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,108 shares of the company’s stock after purchasing an additional 34,642 shares during the period. Meridian Wealth Management LLC’s holdings in Invesco S&P SmallCap Momentum ETF were worth $11,817,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Gratus Wealth Advisors LLC increased its stake in shares of Invesco S&P SmallCap Momentum ETF by 0.8% in the 4th quarter. Gratus Wealth Advisors LLC now owns 490,887 shares of the company’s stock valued at $35,349,000 after purchasing an additional 4,110 shares during the last quarter. Colonial River Investments LLC increased its position in Invesco S&P SmallCap Momentum ETF by 2.0% during the 4th quarter. Colonial River Investments LLC now owns 9,965 shares of the company’s stock worth $718,000 after purchasing an additional 200 shares in the last quarter. D Orazio & Associates Inc. increased its position in Invesco S&P SmallCap Momentum ETF by 8.8% during the 4th quarter. D Orazio & Associates Inc. now owns 3,835 shares of the company’s stock worth $276,000 after purchasing an additional 310 shares in the last quarter. NBZ Investment Advisors LLC increased its position in Invesco S&P SmallCap Momentum ETF by 7.7% during the 4th quarter. NBZ Investment Advisors LLC now owns 174,528 shares of the company’s stock worth $12,568,000 after purchasing an additional 12,476 shares in the last quarter. Finally, MGO One Seven LLC raised its position in Invesco S&P SmallCap Momentum ETF by 2.1% in the fourth quarter. MGO One Seven LLC now owns 12,711 shares of the company’s stock valued at $915,000 after purchasing an additional 264 shares during the last quarter.
Invesco S&P SmallCap Momentum ETF Trading Up 0.4%
Invesco S&P SmallCap Momentum ETF stock opened at $87.57 on Tuesday. The company has a market capitalization of $2.74 billion, a PE ratio of 19.29 and a beta of 1.11. Invesco S&P SmallCap Momentum ETF has a 12 month low of $64.02 and a 12 month high of $88.57. The stock has a 50-day moving average price of $80.31 and a two-hundred day moving average price of $76.79.
Invesco S&P SmallCap Momentum ETF Profile
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.
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