Kinetic Wealth Investment Advisors LLC acquired a new stake in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 70,247 shares of the company’s stock, valued at approximately $6,577,000. Invesco S&P SmallCap Momentum ETF accounts for approximately 3.1% of Kinetic Wealth Investment Advisors LLC’s holdings, making the stock its 6th largest position. Kinetic Wealth Investment Advisors LLC owned about 0.20% of Invesco S&P SmallCap Momentum ETF as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the stock. Total Clarity Wealth Management Inc. bought a new position in Invesco S&P SmallCap Momentum ETF in the first quarter worth approximately $665,000. HighTower Advisors LLC raised its position in Invesco S&P SmallCap Momentum ETF by 293.3% during the 4th quarter. HighTower Advisors LLC now owns 223,166 shares of the company’s stock valued at $16,070,000 after purchasing an additional 166,427 shares in the last quarter. USAdvisors Wealth Management LLC lifted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 7.6% in the 4th quarter. USAdvisors Wealth Management LLC now owns 104,860 shares of the company’s stock worth $7,551,000 after buying an additional 7,373 shares during the period. LPL Financial LLC grew its position in shares of Invesco S&P SmallCap Momentum ETF by 3.2% during the 4th quarter. LPL Financial LLC now owns 2,171,515 shares of the company’s stock worth $156,371,000 after buying an additional 66,942 shares in the last quarter. Finally, Nvest Financial LLC bought a new position in shares of Invesco S&P SmallCap Momentum ETF during the 1st quarter worth $4,099,000.
Invesco S&P SmallCap Momentum ETF Stock Performance
Shares of Invesco S&P SmallCap Momentum ETF stock opened at $85.04 on Tuesday. The stock’s fifty day moving average price is $87.68 and its 200-day moving average price is $84.72. The firm has a market cap of $2.97 billion, a P/E ratio of 19.29 and a beta of 1.08. Invesco S&P SmallCap Momentum ETF has a 12 month low of $68.59 and a 12 month high of $93.68.
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.
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