Raymond James & Associates Has $4.64 Million Stock Position in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

Raymond James & Associates increased its holdings in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 19.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 77,338 shares of the company’s stock after purchasing an additional 12,690 shares during the period. Raymond James & Associates owned approximately 1.10% of Invesco S&P SmallCap Momentum ETF worth $4,644,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in XSMO. Avantax Advisory Services Inc. acquired a new stake in Invesco S&P SmallCap Momentum ETF during the fourth quarter worth approximately $205,000. Inscription Capital LLC bought a new position in Invesco S&P SmallCap Momentum ETF in the first quarter worth approximately $208,000. Valley National Advisers Inc. boosted its holdings in Invesco S&P SmallCap Momentum ETF by 109.5% in the first 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 in the last quarter. Fifth Third Securities Inc. boosted its holdings in Invesco S&P SmallCap Momentum ETF by 39.9% in the second quarter. Fifth Third Securities Inc. now owns 5,907 shares of the company’s stock worth $355,000 after acquiring an additional 1,685 shares in the last quarter. Finally, Cetera Advisors LLC bought a new position in Invesco S&P SmallCap Momentum ETF in the first quarter worth approximately $405,000.

Invesco S&P SmallCap Momentum ETF Stock Performance

Shares of NYSEARCA:XSMO opened at $65.30 on Friday. The business’s 50 day simple moving average is $62.74 and its two-hundred day simple moving average is $60.41. The firm has a market cap of $458.41 million, a P/E ratio of 15.91 and a beta of 1.19. Invesco S&P SmallCap Momentum ETF has a 52-week low of $45.10 and a 52-week high of $68.32.

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.