Concorde Asset Management LLC Raises Stock Position in Invesco S&P SmallCap Momentum ETF $XSMO

Concorde Asset Management LLC raised its holdings in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 41.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,167 shares of the company’s stock after purchasing an additional 7,941 shares during the quarter. Invesco S&P SmallCap Momentum ETF accounts for approximately 1.5% of Concorde Asset Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Concorde Asset Management LLC’s holdings in Invesco S&P SmallCap Momentum ETF were worth $2,544,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XSMO. LPL Financial LLC boosted its stake 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 worth $156,371,000 after buying an additional 66,942 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of 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 purchasing an additional 33,235 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Invesco S&P SmallCap Momentum ETF by 28.4% during the 3rd quarter. Raymond James Financial Inc. now owns 1,327,495 shares of the company’s stock valued at $97,664,000 after purchasing an additional 293,947 shares in the last quarter. Morgan Stanley lifted its stake in shares of 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 purchasing an additional 180,690 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in Invesco S&P SmallCap Momentum ETF by 7.3% during the first quarter. Cetera Investment Advisers now owns 870,093 shares of the company’s stock worth $66,144,000 after buying an additional 59,526 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Stock Performance

XSMO opened at $85.10 on Wednesday. The company has a fifty day moving average of $87.51 and a two-hundred day moving average of $84.76. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 19.29 and a beta of 1.08. Invesco S&P SmallCap Momentum ETF has a fifty-two week low of $68.59 and a fifty-two week 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.