Cobblestone Asset Management LLC Takes $2.36 Million Position in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

Cobblestone Asset Management LLC bought a new position in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 35,627 shares of the company’s stock, valued at approximately $2,355,000. Invesco S&P SmallCap Momentum ETF accounts for about 1.5% of Cobblestone Asset Management LLC’s investment portfolio, making the stock its 21st biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Stephens Inc. AR raised its stake in Invesco S&P SmallCap Momentum ETF by 2.2% during the 3rd quarter. Stephens Inc. AR now owns 7,174 shares of the company’s stock worth $475,000 after acquiring an additional 155 shares during the period. ERn Financial LLC raised its position in shares of Invesco S&P SmallCap Momentum ETF by 1.7% during the 4th quarter. ERn Financial LLC now owns 11,226 shares of the company’s stock valued at $742,000 after purchasing an additional 192 shares during the period. Glass Jacobson Investment Advisors llc boosted its holdings in Invesco S&P SmallCap Momentum ETF by 23.3% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,219 shares of the company’s stock worth $81,000 after buying an additional 230 shares during the period. Comprehensive Wealth Management LLC increased its stake in Invesco S&P SmallCap Momentum ETF by 2.3% in the 3rd quarter. Comprehensive Wealth Management LLC now owns 10,455 shares of the company’s stock worth $692,000 after buying an additional 240 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Invesco S&P SmallCap Momentum ETF by 0.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 59,548 shares of the company’s stock valued at $3,937,000 after acquiring an additional 374 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Price Performance

XSMO stock opened at $69.31 on Monday. The company has a market capitalization of $486.56 million, a price-to-earnings ratio of 15.91 and a beta of 1.19. The business has a 50 day simple moving average of $69.10 and a two-hundred day simple moving average of $66.71. Invesco S&P SmallCap Momentum ETF has a 1-year low of $55.05 and a 1-year high of $74.38.

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.