Bestgate Wealth Advisors LLC Buys New Shares in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)

Bestgate Wealth Advisors LLC purchased a new position in shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,262 shares of the company’s stock, valued at approximately $1,540,000. Invesco S&P SmallCap Value with Momentum ETF comprises about 3.1% of Bestgate Wealth Advisors LLC’s portfolio, making the stock its 7th biggest position. Bestgate Wealth Advisors LLC owned about 0.20% of Invesco S&P SmallCap Value with Momentum ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 11.5% in the third quarter. FMR LLC now owns 1,902 shares of the company’s stock worth $105,000 after buying an additional 196 shares during the period. JPMorgan Chase & Co. boosted its holdings in Invesco S&P SmallCap Value with Momentum ETF by 1,136.9% in the third quarter. JPMorgan Chase & Co. now owns 12,468 shares of the company’s stock valued at $686,000 after purchasing an additional 11,460 shares during the last quarter. Stifel Financial Corp boosted its holdings in Invesco S&P SmallCap Value with Momentum ETF by 32.7% in the third quarter. Stifel Financial Corp now owns 20,876 shares of the company’s stock valued at $1,148,000 after purchasing an additional 5,141 shares during the last quarter. Townsquare Capital LLC boosted its holdings in Invesco S&P SmallCap Value with Momentum ETF by 12.9% in the third quarter. Townsquare Capital LLC now owns 4,489 shares of the company’s stock valued at $247,000 after purchasing an additional 514 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in Invesco S&P SmallCap Value with Momentum ETF by 10.4% in the third quarter. IHT Wealth Management LLC now owns 50,506 shares of the company’s stock valued at $2,777,000 after purchasing an additional 4,765 shares during the last quarter.

Invesco S&P SmallCap Value with Momentum ETF Stock Down 0.2 %

NYSEARCA:XSVM opened at $50.72 on Wednesday. The business’s 50 day moving average is $53.77 and its two-hundred day moving average is $55.10. The company has a market cap of $646.68 million, a PE ratio of 9.81 and a beta of 1.26. Invesco S&P SmallCap Value with Momentum ETF has a 52 week low of $49.25 and a 52 week high of $61.40.

Invesco S&P SmallCap Value with Momentum ETF Company 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.