Fortress Wealth Management Inc. Sells 1,707 Shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)

Fortress Wealth Management Inc. lowered its stake in shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,092 shares of the company’s stock after selling 1,707 shares during the quarter. Invesco S&P SmallCap Value with Momentum ETF comprises 0.9% of Fortress Wealth Management Inc.’s holdings, making the stock its 24th largest holding. Fortress Wealth Management Inc.’s holdings in Invesco S&P SmallCap Value with Momentum ETF were worth $1,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 44.5% in the 3rd quarter. CWM LLC now owns 673,288 shares of the company’s stock valued at $37,024,000 after buying an additional 207,424 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Invesco S&P SmallCap Value with Momentum ETF in the third quarter valued at approximately $8,822,000. CHB Investment Group LLC purchased a new position in Invesco S&P SmallCap Value with Momentum ETF in the third quarter worth $1,875,000. Cedrus LLC acquired a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the third quarter worth $1,543,000. Finally, Valmark Advisers Inc. lifted its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 8.5% during the 3rd quarter. Valmark Advisers Inc. now owns 249,759 shares of the company’s stock valued at $13,734,000 after purchasing an additional 19,485 shares during the last quarter.

Invesco S&P SmallCap Value with Momentum ETF Price Performance

Shares of XSVM stock opened at $55.83 on Tuesday. The stock’s fifty day moving average price is $56.37 and its 200 day moving average price is $55.61. Invesco S&P SmallCap Value with Momentum ETF has a 1-year low of $50.79 and a 1-year high of $61.40. The company has a market cap of $792.79 million, a price-to-earnings ratio of 8.08 and a beta of 1.09.

About Invesco S&P SmallCap Value with Momentum ETF

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.