RFG Advisory LLC Boosts Stock Position in Invesco S&P SmallCap Momentum ETF $XSMO

RFG Advisory LLC lifted its stake in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 32.1% in the first quarter, HoldingsChannel reports. The fund owned 123,107 shares of the company’s stock after acquiring an additional 29,890 shares during the period. RFG Advisory LLC’s holdings in Invesco S&P SmallCap Momentum ETF were worth $9,359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capstone Wealth Management Group LLC raised its stake in Invesco S&P SmallCap Momentum ETF by 138.0% during the 1st quarter. Capstone Wealth Management Group LLC now owns 46,666 shares of the company’s stock worth $2,928,000 after acquiring an additional 27,061 shares during the period. Focus Partners Wealth bought a new position in shares of Invesco S&P SmallCap Momentum ETF in the first quarter worth approximately $539,000. Cerity Partners LLC bought a new position in shares of Invesco S&P SmallCap Momentum ETF in the second quarter worth approximately $818,000. Raymond James Financial Inc. increased its stake in shares of Invesco S&P SmallCap Momentum ETF by 154.4% in the second quarter. Raymond James Financial Inc. now owns 1,033,548 shares of the company’s stock worth $70,302,000 after purchasing an additional 627,318 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Invesco S&P SmallCap Momentum ETF by 7.6% in the second quarter. Ameriprise Financial Inc. now owns 9,414 shares of the company’s stock worth $640,000 after purchasing an additional 665 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Price Performance

Shares of XSMO stock opened at $89.84 on Thursday. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 19.29 and a beta of 1.09. Invesco S&P SmallCap Momentum ETF has a one year low of $66.16 and a one year high of $91.29. The company’s fifty day moving average price is $86.76 and its 200-day moving average price is $80.26.

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.