Sequoia Financial Advisors LLC Has $10.50 Million Stock Holdings in Invesco S&P SmallCap Momentum ETF $XSMO

Sequoia Financial Advisors LLC lifted its stake in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 66.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 145,854 shares of the company’s stock after buying an additional 58,483 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Invesco S&P SmallCap Momentum ETF were worth $10,503,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of XSMO. Raymond James Financial Inc. lifted its stake in shares of Invesco S&P SmallCap Momentum ETF by 154.4% during the 2nd quarter. Raymond James Financial Inc. now owns 1,033,548 shares of the company’s stock worth $70,302,000 after buying an additional 627,318 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Invesco S&P SmallCap Momentum ETF by 68.6% during the 3rd quarter. Bank of America Corp DE now owns 443,833 shares of the company’s stock worth $32,653,000 after buying an additional 180,532 shares during the last quarter. Great Valley Advisor Group Inc. acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF during the 2nd quarter worth about $8,159,000. Integrated Capital Management LLC acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF during the 3rd quarter worth about $7,559,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Invesco S&P SmallCap Momentum ETF by 59.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 243,663 shares of the company’s stock worth $17,848,000 after buying an additional 90,410 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Stock Performance

NYSEARCA XSMO opened at $86.55 on Friday. The firm has a 50-day moving average of $80.03 and a 200-day moving average of $76.59. The stock has a market cap of $2.71 billion, a PE ratio of 19.29 and a beta of 1.11. Invesco S&P SmallCap Momentum ETF has a 52-week low of $63.23 and a 52-week high of $88.57.

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.