Fischer Investment Strategies LLC Invests $4.46 Million in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

Fischer Investment Strategies LLC purchased a new position in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 67,415 shares of the company’s stock, valued at approximately $4,462,000. Invesco S&P SmallCap Momentum ETF makes up about 3.8% of Fischer Investment Strategies LLC’s investment portfolio, making the stock its 13th biggest holding. Fischer Investment Strategies LLC owned 0.96% of Invesco S&P SmallCap Momentum ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. boosted its stake in Invesco S&P SmallCap Momentum ETF by 109.5% in the 1st quarter. Valley National Advisers Inc. now owns 4,029 shares of the company’s stock worth $243,000 after purchasing an additional 2,106 shares during the period. Accel Wealth Management acquired a new position in shares of Invesco S&P SmallCap Momentum ETF during the first quarter worth about $896,000. Marmo Financial Group LLC boosted its position in shares of Invesco S&P SmallCap Momentum ETF by 0.4% during the first quarter. Marmo Financial Group LLC now owns 115,077 shares of the company’s stock worth $6,941,000 after buying an additional 499 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Invesco S&P SmallCap Momentum ETF by 12.4% during the first quarter. Commonwealth Equity Services LLC now owns 84,687 shares of the company’s stock worth $5,108,000 after buying an additional 9,340 shares during the period. Finally, Private Advisor Group LLC boosted its position in Invesco S&P SmallCap Momentum ETF by 13.5% during the 1st quarter. Private Advisor Group LLC now owns 52,780 shares of the company’s stock worth $3,184,000 after acquiring an additional 6,282 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Trading Down 0.5 %

Shares of XSMO opened at $65.71 on Friday. Invesco S&P SmallCap Momentum ETF has a 12 month low of $45.10 and a 12 month high of $68.41. The firm has a fifty day simple moving average of $65.17 and a 200 day simple moving average of $62.40. The stock has a market capitalization of $461.28 million, a price-to-earnings ratio of 15.91 and a beta of 1.19.

Invesco S&P SmallCap Momentum ETF Company 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.