Provident Wealth Management LLC Raises Stock Holdings in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

Provident Wealth Management LLC increased its stake in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,688 shares of the company’s stock after purchasing an additional 7,066 shares during the quarter. Invesco S&P SmallCap Momentum ETF makes up 2.1% of Provident Wealth Management LLC’s holdings, making the stock its 11th largest position. Provident Wealth Management LLC owned 1.36% of Invesco S&P SmallCap Momentum ETF worth $6,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in XSMO. Raymond James & Associates increased its position in Invesco S&P SmallCap Momentum ETF by 62.6% during the 3rd quarter. Raymond James & Associates now owns 125,724 shares of the company’s stock valued at $8,322,000 after buying an additional 48,386 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in Invesco S&P SmallCap Momentum ETF during the 3rd quarter valued at about $603,000. Wealth Enhancement Advisory Services LLC increased its position in Invesco S&P SmallCap Momentum ETF by 6.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 209,318 shares of the company’s stock valued at $13,855,000 after buying an additional 12,581 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in Invesco S&P SmallCap Momentum ETF by 43.8% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 5,689 shares of the company’s stock valued at $377,000 after buying an additional 1,732 shares in the last quarter. Finally, Financial Advocates Investment Management acquired a new position in Invesco S&P SmallCap Momentum ETF during the 3rd quarter valued at about $274,000.

Invesco S&P SmallCap Momentum ETF Price Performance

Shares of NYSEARCA:XSMO opened at $65.20 on Wednesday. The business’s 50-day moving average is $67.63 and its 200 day moving average is $67.37. Invesco S&P SmallCap Momentum ETF has a 1 year low of $55.99 and a 1 year high of $74.38. The firm has a market capitalization of $1.45 billion, a P/E ratio of 17.33 and a beta of 1.10.

Invesco S&P SmallCap Momentum ETF Company 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.