Laurel Wealth Planning LLC Boosts Stock Position in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)

Laurel Wealth Planning LLC lifted its stake in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) by 7.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,559 shares of the company’s stock after purchasing an additional 2,089 shares during the quarter. Invesco S&P SmallCap Value with Momentum ETF comprises about 1.0% of Laurel Wealth Planning LLC’s holdings, making the stock its 27th largest holding. Laurel Wealth Planning LLC’s holdings in Invesco S&P SmallCap Value with Momentum ETF were worth $1,570,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. raised its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 64.4% during the 2nd quarter. Wetzel Investment Advisors Inc. now owns 707 shares of the company’s stock worth $37,000 after acquiring an additional 277 shares during the period. Financial Gravity Asset Management Inc. purchased a new position in Invesco S&P SmallCap Value with Momentum ETF during the second quarter worth about $72,000. O Shaughnessy Asset Management LLC boosted its holdings in Invesco S&P SmallCap Value with Momentum ETF by 41.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,979 shares of the company’s stock valued at $113,000 after purchasing an additional 584 shares during the last quarter. Financial Advocates Investment Management acquired a new position in Invesco S&P SmallCap Value with Momentum ETF in the 3rd quarter valued at about $228,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF in the 2nd quarter valued at approximately $299,000.

Invesco S&P SmallCap Value with Momentum ETF Price Performance

Shares of XSVM stock traded up $0.36 during trading on Friday, hitting $53.82. 831 shares of the stock traded hands, compared to its average volume of 72,272. Invesco S&P SmallCap Value with Momentum ETF has a 52-week low of $45.95 and a 52-week high of $60.22. The firm has a market capitalization of $764.24 million, a P/E ratio of 8.08 and a beta of 1.09. The firm’s fifty day moving average price is $54.54 and its 200-day moving average price is $54.34.

Invesco S&P SmallCap Value with Momentum ETF Profile

PowerShares Fundamental Pure Small Value Portfolio (the Fund), formerly PowerShares Dynamic Small Cap Value Portfolio, is based on the RAFI Fundamental Small Value Index (Index). The Fund focuses to invest at least 90% of its total assets in the securities that comprise the Index. The Index is consisted of common stocks of small value the United States companies, including real estate investment trusts (REITs), from a universe consisted of the 2,500 the United States companies.