Raymond James & Associates Cuts Holdings in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

Raymond James & Associates trimmed its holdings in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 36.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,645 shares of the company’s stock after selling 10,717 shares during the period. Raymond James & Associates owned about 0.47% of Invesco S&P SmallCap Momentum ETF worth $904,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. LPL Financial LLC raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 3.4% during the 1st quarter. LPL Financial LLC now owns 495,895 shares of the company’s stock worth $22,966,000 after buying an additional 16,316 shares in the last quarter. Morgan Stanley increased its stake in Invesco S&P SmallCap Momentum ETF by 27.0% in the 4th quarter. Morgan Stanley now owns 176,665 shares of the company’s stock valued at $8,330,000 after purchasing an additional 37,600 shares in the last quarter. Armbruster Capital Management Inc. increased its stake in Invesco S&P SmallCap Momentum ETF by 1.8% in the 1st quarter. Armbruster Capital Management Inc. now owns 159,180 shares of the company’s stock valued at $7,372,000 after purchasing an additional 2,775 shares in the last quarter. Marmo Financial Group LLC increased its stake in Invesco S&P SmallCap Momentum ETF by 13.2% in the 2nd quarter. Marmo Financial Group LLC now owns 119,248 shares of the company’s stock valued at $5,782,000 after purchasing an additional 13,936 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in Invesco S&P SmallCap Momentum ETF by 1,572.9% in the 1st quarter. Stifel Financial Corp now owns 110,613 shares of the company’s stock valued at $5,125,000 after purchasing an additional 104,001 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Price Performance

NYSEARCA XSMO opened at $48.36 on Friday. Invesco S&P SmallCap Momentum ETF has a 1-year low of $43.21 and a 1-year high of $51.70. The company has a market capitalization of $159.59 million, a P/E ratio of 9.18 and a beta of 1.08. The business has a 50 day moving average price of $48.28 and a 200 day moving average price of $47.67.

About Invesco S&P SmallCap Momentum ETF

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.