TCP Asset Management LLC Invests $224,000 in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

TCP Asset Management LLC purchased a new stake in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,383 shares of the company’s stock, valued at approximately $224,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Valley National Advisers Inc. boosted its holdings in Invesco S&P SmallCap Momentum ETF by 109.5% during the 1st quarter. Valley National Advisers Inc. now owns 4,029 shares of the company’s stock worth $243,000 after acquiring an additional 2,106 shares during the last quarter. Accel Wealth Management purchased a new position in Invesco S&P SmallCap Momentum ETF during the first quarter worth about $896,000. Marmo Financial Group LLC grew its position in Invesco S&P SmallCap Momentum ETF by 0.4% in the 1st quarter. Marmo Financial Group LLC now owns 115,077 shares of the company’s stock worth $6,941,000 after purchasing an additional 499 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Invesco S&P SmallCap Momentum ETF by 12.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 84,687 shares of the company’s stock valued at $5,108,000 after buying an additional 9,340 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Invesco S&P SmallCap Momentum ETF by 13.5% during the 1st quarter. Private Advisor Group LLC now owns 52,780 shares of the company’s stock worth $3,184,000 after buying an additional 6,282 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Price Performance

Shares of NYSEARCA XSMO traded up $0.88 during midday trading on Monday, reaching $66.59. The company’s stock had a trading volume of 92,473 shares, compared to its average volume of 258,509. Invesco S&P SmallCap Momentum ETF has a 12-month low of $45.10 and a 12-month high of $68.41. The stock has a market capitalization of $467.46 million, a P/E ratio of 15.91 and a beta of 1.19. The firm has a 50 day moving average price of $65.17 and a 200-day moving average price of $62.43.

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.