LPL Financial LLC Increases Stake in Invesco S&P SmallCap Momentum ETF $XSMO

LPL Financial LLC raised its position in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 3.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,171,515 shares of the company’s stock after purchasing an additional 66,942 shares during the period. LPL Financial LLC owned 7.46% of Invesco S&P SmallCap Momentum ETF worth $156,371,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XSMO. Raymond James Financial Inc. increased its stake in shares of 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 worth $97,664,000 after acquiring an additional 293,947 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco S&P SmallCap Momentum ETF by 14.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 581,644 shares of the company’s stock worth $41,884,000 after purchasing an additional 74,284 shares during the last quarter. Gratus Wealth Advisors LLC grew its position in Invesco S&P SmallCap Momentum ETF by 0.8% in the 4th quarter. Gratus Wealth Advisors LLC now owns 490,887 shares of the company’s stock valued at $35,349,000 after acquiring an additional 4,110 shares in the last quarter. Bank of America Corp DE grew its position in Invesco S&P SmallCap Momentum ETF by 68.6% in the 3rd quarter. Bank of America Corp DE now owns 443,833 shares of the company’s stock valued at $32,653,000 after acquiring an additional 180,532 shares in the last quarter. Finally, CWM LLC grew its position in Invesco S&P SmallCap Momentum ETF by 21.1% in the 4th quarter. CWM LLC now owns 413,528 shares of the company’s stock valued at $29,778,000 after acquiring an additional 71,969 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Stock Performance

Shares of XSMO opened at $85.37 on Thursday. The stock has a 50-day simple moving average of $84.72 and a 200-day simple moving average of $79.08. The stock has a market capitalization of $2.68 billion, a PE ratio of 19.29 and a beta of 1.09. Invesco S&P SmallCap Momentum ETF has a 1 year low of $65.31 and a 1 year high of $89.40.

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.