Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Position Increased by MML Investors Services LLC

MML Investors Services LLC lifted its holdings in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 88.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 58,563 shares of the company’s stock after purchasing an additional 27,474 shares during the period. MML Investors Services LLC’s holdings in Invesco S&P SmallCap Momentum ETF were worth $3,876,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of XSMO. Raymond James & Associates raised its stake in Invesco S&P SmallCap Momentum ETF by 19.6% during the second quarter. Raymond James & Associates now owns 77,338 shares of the company’s stock worth $4,644,000 after acquiring an additional 12,690 shares during the period. Focus Financial Network Inc. lifted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 0.5% in the 2nd quarter. Focus Financial Network Inc. now owns 200,950 shares of the company’s stock worth $13,090,000 after purchasing an additional 905 shares during the last quarter. Institute for Wealth Management LLC. lifted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 1.5% in the 2nd quarter. Institute for Wealth Management LLC. now owns 21,703 shares of the company’s stock worth $1,303,000 after purchasing an additional 312 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Invesco S&P SmallCap Momentum ETF by 2.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 120,821 shares of the company’s stock valued at $7,255,000 after purchasing an additional 3,061 shares during the period. Finally, Armbruster Capital Management Inc. grew its stake in Invesco S&P SmallCap Momentum ETF by 6.2% during the 2nd quarter. Armbruster Capital Management Inc. now owns 179,100 shares of the company’s stock worth $10,755,000 after buying an additional 10,436 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Price Performance

Shares of NYSEARCA XSMO opened at $69.82 on Friday. The firm has a market capitalization of $490.14 million, a PE ratio of 15.91 and a beta of 1.19. Invesco S&P SmallCap Momentum ETF has a 1-year low of $54.00 and a 1-year high of $74.38. The business’s fifty day moving average price is $69.45 and its two-hundred day moving average price is $65.16.

Invesco S&P SmallCap Momentum ETF 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.