LPL Financial LLC Acquires 41,074 Shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)

LPL Financial LLC grew its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,682,054 shares of the company’s stock after acquiring an additional 41,074 shares during the quarter. LPL Financial LLC owned about 11.85% of Invesco S&P SmallCap Value with Momentum ETF worth $91,638,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of XSVM. Raymond James Financial Inc. purchased a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF during the fourth quarter valued at approximately $11,198,000. Bestgate Wealth Advisors LLC bought a new stake in Invesco S&P SmallCap Value with Momentum ETF during the 4th quarter valued at $1,540,000. Independent Advisor Alliance purchased a new stake in Invesco S&P SmallCap Value with Momentum ETF during the 4th quarter valued at $1,173,000. Dopkins Wealth Management LLC grew its holdings in Invesco S&P SmallCap Value with Momentum ETF by 379.8% in the 4th quarter. Dopkins Wealth Management LLC now owns 24,537 shares of the company’s stock worth $1,337,000 after acquiring an additional 19,423 shares during the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the third quarter valued at about $1,021,000.

Invesco S&P SmallCap Value with Momentum ETF Trading Down 0.5 %

Invesco S&P SmallCap Value with Momentum ETF stock opened at $51.26 on Wednesday. The firm has a market cap of $653.57 million, a P/E ratio of 9.81 and a beta of 1.26. Invesco S&P SmallCap Value with Momentum ETF has a 1-year low of $49.25 and a 1-year high of $61.40. The firm has a 50-day moving average of $53.57 and a 200-day moving average of $54.98.

Invesco S&P SmallCap Value with Momentum ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be paid a $0.3974 dividend. This is an increase from Invesco S&P SmallCap Value with Momentum ETF’s previous dividend of $0.25. The ex-dividend date is Monday, March 24th.

About Invesco S&P SmallCap Value with Momentum ETF

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.