Northwestern Mutual Wealth Management Co. Sells 283,435 Shares of Invesco S&P SmallCap Momentum ETF $XSMO

Northwestern Mutual Wealth Management Co. decreased its position in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 55.9% during the fourth quarter, Holdings Channel reports. The fund owned 223,925 shares of the company’s stock after selling 283,435 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P SmallCap Momentum ETF were worth $16,125,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. lifted its holdings in Invesco S&P SmallCap Momentum ETF by 234.4% in the third quarter. Hazlett Burt & Watson Inc. now owns 535 shares of the company’s stock valued at $40,000 after acquiring an additional 375 shares during the period. Comprehensive Financial Planning Inc. PA bought a new position in Invesco S&P SmallCap Momentum ETF in the third quarter valued at about $49,000. Allworth Financial LP lifted its holdings in Invesco S&P SmallCap Momentum ETF by 350.3% in the fourth quarter. Allworth Financial LP now owns 680 shares of the company’s stock valued at $49,000 after acquiring an additional 529 shares during the period. Blair William & Co. IL lifted its holdings in Invesco S&P SmallCap Momentum ETF by 10,957.1% in the third quarter. Blair William & Co. IL now owns 774 shares of the company’s stock valued at $57,000 after acquiring an additional 767 shares during the period. Finally, Cape Investment Advisory Inc. lifted its holdings in Invesco S&P SmallCap Momentum ETF by 35.0% in the third quarter. Cape Investment Advisory Inc. now owns 1,210 shares of the company’s stock valued at $89,000 after acquiring an additional 314 shares during the period.

Invesco S&P SmallCap Momentum ETF Stock Performance

XSMO stock opened at $85.19 on Thursday. The business’s 50-day moving average is $81.21 and its two-hundred day moving average is $77.39. Invesco S&P SmallCap Momentum ETF has a fifty-two week low of $64.02 and a fifty-two week high of $88.57. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 19.29 and a beta of 1.11.

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.