Belpointe Asset Management LLC Sells 16,191 Shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

Belpointe Asset Management LLC trimmed its position in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 42.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 21,609 shares of the company’s stock after selling 16,191 shares during the quarter. Belpointe Asset Management LLC’s holdings in Invesco S&P SmallCap Momentum ETF were worth $1,424,000 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 the company. MGB Wealth Management LLC grew its stake in shares of Invesco S&P SmallCap Momentum ETF by 100.5% during the fourth quarter. MGB Wealth Management LLC now owns 401 shares of the company’s stock valued at $27,000 after buying an additional 201 shares during the last quarter. Global Retirement Partners LLC grew its position in Invesco S&P SmallCap Momentum ETF by 440.2% in the 4th quarter. Global Retirement Partners LLC now owns 443 shares of the company’s stock valued at $29,000 after acquiring an additional 361 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Invesco S&P SmallCap Momentum ETF by 27.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,208 shares of the company’s stock worth $80,000 after purchasing an additional 258 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of Invesco S&P SmallCap Momentum ETF during the fourth quarter worth $111,000. Finally, Blair William & Co. IL purchased a new stake in shares of Invesco S&P SmallCap Momentum ETF during the fourth quarter valued at $119,000.

Invesco S&P SmallCap Momentum ETF Price Performance

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

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.