Concurrent Investment Advisors LLC Invests $253,000 in Invesco S&P SmallCap Momentum ETF $XSMO

Concurrent Investment Advisors LLC acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,721 shares of the company’s stock, valued at approximately $253,000.

Several other institutional investors also recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its position in shares of Invesco S&P SmallCap Momentum ETF by 13.2% during the first quarter. Envestnet Asset Management Inc. now owns 1,517,383 shares of the company’s stock valued at $95,216,000 after buying an additional 176,891 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Invesco S&P SmallCap Momentum ETF by 13.8% during the first quarter. Cetera Investment Advisers now owns 1,175,080 shares of the company’s stock valued at $73,736,000 after buying an additional 142,861 shares during the last quarter. Gratus Wealth Advisors LLC boosted its position in shares of Invesco S&P SmallCap Momentum ETF by 0.4% during the second quarter. Gratus Wealth Advisors LLC now owns 477,335 shares of the company’s stock valued at $32,468,000 after buying an additional 1,953 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Invesco S&P SmallCap Momentum ETF by 54.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 462,553 shares of the company’s stock valued at $32,092,000 after buying an additional 163,428 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its position in shares of Invesco S&P SmallCap Momentum ETF by 38.0% during the first quarter. Apollon Wealth Management LLC now owns 382,228 shares of the company’s stock valued at $23,985,000 after buying an additional 105,333 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Stock Performance

XSMO stock opened at $73.39 on Tuesday. Invesco S&P SmallCap Momentum ETF has a fifty-two week low of $53.89 and a fifty-two week high of $74.51. The business’s 50-day moving average is $72.61 and its two-hundred day moving average is $67.86. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 19.29 and a beta of 1.08.

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.