NewEdge Advisors LLC Has $1.71 Million Position in Invesco S&P SmallCap Momentum ETF $XSMO

NewEdge Advisors LLC lessened its holdings in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 72.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 22,544 shares of the company’s stock after selling 60,300 shares during the period. NewEdge Advisors LLC’s holdings in Invesco S&P SmallCap Momentum ETF were worth $1,714,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XSMO. LPL Financial LLC raised its holdings in shares of Invesco S&P SmallCap Momentum ETF by 3.2% in the fourth quarter. LPL Financial LLC now owns 2,171,515 shares of the company’s stock valued at $156,371,000 after buying an additional 66,942 shares during the last quarter. Osaic Holdings Inc. grew its holdings in Invesco S&P SmallCap Momentum ETF by 2.0% during the 4th quarter. Osaic Holdings Inc. now owns 1,730,681 shares of the company’s stock worth $124,644,000 after acquiring an additional 33,235 shares during the last quarter. Raymond James Financial Inc. increased its position in Invesco S&P SmallCap Momentum ETF by 28.4% in the 3rd quarter. Raymond James Financial Inc. now owns 1,327,495 shares of the company’s stock valued at $97,664,000 after acquiring an additional 293,947 shares in the last quarter. Morgan Stanley increased its position in Invesco S&P SmallCap Momentum ETF by 23.7% in the 4th quarter. Morgan Stanley now owns 942,702 shares of the company’s stock valued at $67,884,000 after acquiring an additional 180,690 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 7.3% in the first quarter. Cetera Investment Advisers now owns 870,093 shares of the company’s stock worth $66,144,000 after acquiring an additional 59,526 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Trading Up 0.9%

Shares of XSMO stock opened at $89.59 on Friday. Invesco S&P SmallCap Momentum ETF has a 1 year low of $68.59 and a 1 year high of $93.68. The firm’s 50 day moving average is $88.88 and its 200-day moving average is $83.89. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 19.29 and a beta of 1.09.

Invesco S&P SmallCap Momentum ETF Company 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.