Ameriprise Financial Inc. Reduces Holdings in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)

Ameriprise Financial Inc. lessened its position in shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) by 62.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,150 shares of the company’s stock after selling 133,851 shares during the quarter. Ameriprise Financial Inc. owned about 0.56% of Invesco S&P SmallCap Value with Momentum ETF worth $4,312,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Invesco S&P SmallCap Value with Momentum ETF during the 4th quarter worth approximately $11,198,000. Anderson Financial Strategies LLC purchased a new position in Invesco S&P SmallCap Value with Momentum ETF during the fourth quarter worth about $6,399,000. LPL Financial LLC grew its holdings in Invesco S&P SmallCap Value with Momentum ETF by 2.5% in the fourth quarter. LPL Financial LLC now owns 1,682,054 shares of the company’s stock valued at $91,638,000 after purchasing an additional 41,074 shares during the period. Apex Wealth Management LLC acquired a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF during the 4th quarter worth $1,841,000. Finally, Bestgate Wealth Advisors LLC acquired a new stake in Invesco S&P SmallCap Value with Momentum ETF during the 4th quarter worth approximately $1,540,000.

Invesco S&P SmallCap Value with Momentum ETF Price Performance

NYSEARCA:XSVM opened at $49.22 on Monday. The business’s 50-day moving average is $48.72 and its two-hundred day moving average is $53.08. The firm has a market capitalization of $577.35 million, a PE ratio of 9.85 and a beta of 1.09. Invesco S&P SmallCap Value with Momentum ETF has a 12 month low of $43.30 and a 12 month high of $61.40.

Invesco S&P SmallCap Value with Momentum ETF Company Profile

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.