Avantax Advisory Services Inc. Purchases 28,196 Shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

Avantax Advisory Services Inc. grew its position in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 230.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,426 shares of the company’s stock after acquiring an additional 28,196 shares during the period. Avantax Advisory Services Inc. owned 0.58% of Invesco S&P SmallCap Momentum ETF worth $2,673,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC raised its position in Invesco S&P SmallCap Momentum ETF by 1.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 487,300 shares of the company’s stock worth $32,215,000 after purchasing an additional 6,037 shares during the last quarter. Raymond James Financial Inc. bought a new position in Invesco S&P SmallCap Momentum ETF in the 4th quarter worth approximately $30,658,000. Apollon Wealth Management LLC raised its position in Invesco S&P SmallCap Momentum ETF by 7.9% in the 4th quarter. Apollon Wealth Management LLC now owns 276,895 shares of the company’s stock worth $18,306,000 after purchasing an additional 20,336 shares during the last quarter. Stifel Financial Corp raised its position in Invesco S&P SmallCap Momentum ETF by 21.1% in the 3rd quarter. Stifel Financial Corp now owns 207,692 shares of the company’s stock worth $13,747,000 after purchasing an additional 36,235 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Invesco S&P SmallCap Momentum ETF by 586.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 161,556 shares of the company’s stock worth $10,693,000 after purchasing an additional 138,037 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Price Performance

XSMO stock opened at $61.52 on Monday. The company has a 50 day moving average price of $66.62 and a 200 day moving average price of $67.26. Invesco S&P SmallCap Momentum ETF has a fifty-two week low of $55.99 and a fifty-two week high of $74.38. The stock has a market capitalization of $1.39 billion, a PE ratio of 15.41 and a beta of 1.11.

Invesco S&P SmallCap Momentum ETF Profile

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.