Wealth Enhancement Advisory Services LLC Acquires 25,515 Shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

Wealth Enhancement Advisory Services LLC raised its position in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 14.9% in the second quarter, HoldingsChannel reports. The fund owned 196,737 shares of the company’s stock after purchasing an additional 25,515 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Invesco S&P SmallCap Momentum ETF were worth $11,814,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in shares of Invesco S&P SmallCap Momentum ETF in the fourth quarter valued at $64,000. Inscription Capital LLC bought a new stake in shares of Invesco S&P SmallCap Momentum ETF during the 1st quarter valued at $208,000. Avantax Advisory Services Inc. bought a new stake in shares of Invesco S&P SmallCap Momentum ETF during the 4th quarter valued at $205,000. Valley National Advisers Inc. grew its position in Invesco S&P SmallCap Momentum ETF by 109.5% during the first quarter. Valley National Advisers Inc. now owns 4,029 shares of the company’s stock worth $243,000 after buying an additional 2,106 shares in the last quarter. Finally, Fifth Third Securities Inc. grew its position in Invesco S&P SmallCap Momentum ETF by 39.9% during the second quarter. Fifth Third Securities Inc. now owns 5,907 shares of the company’s stock worth $355,000 after buying an additional 1,685 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Stock Performance

Invesco S&P SmallCap Momentum ETF stock traded down $0.24 during midday trading on Wednesday, hitting $61.98. 50,346 shares of the company’s stock were exchanged, compared to its average volume of 214,756. Invesco S&P SmallCap Momentum ETF has a 52-week low of $45.10 and a 52-week high of $68.32. The stock has a 50-day moving average price of $61.89 and a two-hundred day moving average price of $59.83. The company has a market cap of $435.10 million, a P/E ratio of 15.91 and a beta of 1.19.

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.