Avantax Advisory Services Inc. Purchases 19,777 Shares of Invesco S&P SmallCap Momentum ETF $XSMO

Avantax Advisory Services Inc. grew its holdings in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 39.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 69,685 shares of the company’s stock after buying an additional 19,777 shares during the quarter. Avantax Advisory Services Inc. owned 0.27% of Invesco S&P SmallCap Momentum ETF worth $4,740,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Harbor Asset Planning Inc. purchased a new position in Invesco S&P SmallCap Momentum ETF during the 2nd quarter valued at $40,000. Parkside Financial Bank & Trust bought a new stake in shares of Invesco S&P SmallCap Momentum ETF during the second quarter worth $41,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Invesco S&P SmallCap Momentum ETF during the first quarter valued at $47,000. Cape Investment Advisory Inc. grew its stake in Invesco S&P SmallCap Momentum ETF by 48.8% in the 1st quarter. Cape Investment Advisory Inc. now owns 896 shares of the company’s stock worth $56,000 after acquiring an additional 294 shares in the last quarter. Finally, Whittier Trust Co. purchased a new position in shares of Invesco S&P SmallCap Momentum ETF during the second quarter worth approximately $61,000.

Invesco S&P SmallCap Momentum ETF Stock Performance

XSMO opened at $69.58 on Wednesday. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 19.29 and a beta of 1.07. Invesco S&P SmallCap Momentum ETF has a 12-month low of $53.89 and a 12-month high of $74.71. The business’s fifty day simple moving average is $72.68 and its 200-day simple moving average is $69.78.

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.