Sheets Smith Wealth Management Invests $350,000 in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)

Sheets Smith Wealth Management purchased a new position in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,140 shares of the company’s stock, valued at approximately $350,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of XSVM. Traction Financial Partners LLC purchased a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the 4th quarter worth $10,537,000. Janney Montgomery Scott LLC boosted its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 369.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 158,362 shares of the company’s stock worth $9,017,000 after buying an additional 124,654 shares during the last quarter. Focus Financial Network Inc. ADV purchased a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the 4th quarter worth $5,917,000. Altman Advisors Inc. purchased a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the 4th quarter worth $3,124,000. Finally, Avantax Advisory Services Inc. boosted its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 29.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 245,096 shares of the company’s stock worth $13,956,000 after buying an additional 56,342 shares during the last quarter.

Invesco S&P SmallCap Value with Momentum ETF Stock Performance

Shares of XSVM stock traded up $0.10 on Wednesday, reaching $57.27. The stock had a trading volume of 227,911 shares, compared to its average volume of 73,700. The stock has a market cap of $813.23 million, a P/E ratio of 8.08 and a beta of 1.09. The company has a 50 day simple moving average of $53.61 and a 200 day simple moving average of $53.82. Invesco S&P SmallCap Value with Momentum ETF has a 1 year low of $44.86 and a 1 year high of $58.01.

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.