Meridian Wealth Management LLC Sells 1,142 Shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)

Meridian Wealth Management LLC decreased its stake in shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,319 shares of the company’s stock after selling 1,142 shares during the quarter. Meridian Wealth Management LLC’s holdings in Invesco S&P SmallCap Value with Momentum ETF were worth $1,612,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its holdings in Invesco S&P SmallCap Value with Momentum ETF by 11.0% during the 2nd quarter. LPL Financial LLC now owns 1,671,712 shares of the company’s stock valued at $87,564,000 after buying an additional 166,252 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Invesco S&P SmallCap Value with Momentum ETF by 1.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 689,648 shares of the company’s stock valued at $37,924,000 after purchasing an additional 12,559 shares during the period. CWM LLC increased its position in Invesco S&P SmallCap Value with Momentum ETF by 44.5% during the 3rd quarter. CWM LLC now owns 673,288 shares of the company’s stock valued at $37,024,000 after purchasing an additional 207,424 shares during the period. Valmark Advisers Inc. increased its position in Invesco S&P SmallCap Value with Momentum ETF by 8.5% during the 3rd quarter. Valmark Advisers Inc. now owns 249,759 shares of the company’s stock valued at $13,734,000 after purchasing an additional 19,485 shares during the period. Finally, Traction Financial Partners LLC increased its position in Invesco S&P SmallCap Value with Momentum ETF by 8.5% during the 2nd quarter. Traction Financial Partners LLC now owns 224,457 shares of the company’s stock valued at $12,186,000 after purchasing an additional 17,667 shares during the period.

Invesco S&P SmallCap Value with Momentum ETF Stock Performance

NYSEARCA XSVM opened at $59.54 on Friday. The company has a market capitalization of $845.47 million, a price-to-earnings ratio of 8.08 and a beta of 1.09. The company’s 50-day simple moving average is $55.55 and its two-hundred day simple moving average is $54.72. Invesco S&P SmallCap Value with Momentum ETF has a one year low of $48.70 and a one year high of $60.22.

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.