Uniting Wealth Partners LLC Acquires Shares of 91,382 Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

Uniting Wealth Partners LLC bought a new stake in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 91,382 shares of the company’s stock, valued at approximately $6,041,000. Invesco S&P SmallCap Momentum ETF accounts for approximately 2.9% of Uniting Wealth Partners LLC’s portfolio, making the stock its 6th biggest holding. Uniting Wealth Partners LLC owned about 1.30% of Invesco S&P SmallCap Momentum ETF as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of XSMO. LPL Financial LLC lifted its holdings 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 period. Steward Partners Investment Advisory LLC lifted its stake in Invesco S&P SmallCap Momentum ETF by 1.3% during the fourth 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. acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF in the 4th quarter valued at $30,658,000. Apollon Wealth Management LLC increased its stake in shares of 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 valued at $18,306,000 after purchasing an additional 20,336 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Invesco S&P SmallCap Momentum ETF by 56.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 252,457 shares of the company’s stock worth $16,690,000 after buying an additional 90,901 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Stock Up 1.6 %

Shares of XSMO stock opened at $63.70 on Thursday. Invesco S&P SmallCap Momentum ETF has a twelve month low of $55.99 and a twelve month high of $74.38. The business has a fifty day simple moving average of $65.35 and a 200 day simple moving average of $67.16. The company has a market cap of $1.44 billion, a P/E ratio of 15.65 and a beta of 1.11.

Invesco S&P SmallCap Momentum ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.1958 dividend. The ex-dividend date was Monday, March 24th.

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.