Advisory Services Network LLC Acquires 8,357 Shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

Advisory Services Network LLC increased its holdings in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 228.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,014 shares of the company’s stock after buying an additional 8,357 shares during the quarter. Advisory Services Network LLC owned 0.17% of Invesco S&P SmallCap Momentum ETF worth $794,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in XSMO. LPL Financial LLC boosted its stake in shares of Invesco S&P SmallCap Momentum ETF by 41.3% during the 4th quarter. LPL Financial LLC now owns 1,794,668 shares of the company’s stock worth $118,645,000 after acquiring an additional 524,443 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Invesco S&P SmallCap Momentum ETF during the fourth quarter valued at about $30,658,000. Wells Fargo & Company MN increased its position in Invesco S&P SmallCap Momentum ETF by 59.3% in the fourth quarter. Wells Fargo & Company MN now owns 636,714 shares of the company’s stock worth $42,093,000 after buying an additional 236,970 shares in the last quarter. NBZ Investment Advisors LLC purchased a new stake in Invesco S&P SmallCap Momentum ETF in the fourth quarter worth about $7,353,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 9.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,340,492 shares of the company’s stock worth $88,620,000 after buying an additional 110,899 shares during the period.

Invesco S&P SmallCap Momentum ETF Trading Up 1.2 %

Shares of NYSEARCA:XSMO opened at $59.27 on Tuesday. The stock has a 50 day moving average of $63.06 and a 200 day moving average of $66.62. The company has a market cap of $1.34 billion, a PE ratio of 15.65 and a beta of 1.11. Invesco S&P SmallCap Momentum ETF has a 12-month low of $53.89 and a 12-month high of $74.38.

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.