Focus Financial Network Inc. Acquires 2,367 Shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)

Focus Financial Network Inc. grew its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) by 2.1% in the fourth quarter, HoldingsChannel reports. The fund owned 116,621 shares of the company’s stock after purchasing an additional 2,367 shares during the quarter. Focus Financial Network Inc.’s holdings in Invesco S&P SmallCap Value with Momentum ETF were worth $6,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of XSVM. Howe & Rusling Inc. bought a new stake in Invesco S&P SmallCap Value with Momentum ETF during the third quarter valued at about $26,000. FMR LLC raised its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 11.5% in the third quarter. FMR LLC now owns 1,902 shares of the company’s stock worth $105,000 after buying an additional 196 shares during the period. Sheets Smith Wealth Management purchased a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the 3rd quarter valued at about $206,000. Financial Advocates Investment Management bought a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the 3rd quarter valued at approximately $228,000. Finally, Schrum Private Wealth Management LLC purchased a new stake in Invesco S&P SmallCap Value with Momentum ETF in the 3rd quarter worth approximately $244,000.

Invesco S&P SmallCap Value with Momentum ETF Trading Up 0.1 %

NYSEARCA XSVM opened at $55.07 on Tuesday. Invesco S&P SmallCap Value with Momentum ETF has a 12 month low of $50.79 and a 12 month high of $61.40. The stock has a market cap of $781.99 million, a price-to-earnings ratio of 8.08 and a beta of 1.09. The company’s 50 day moving average is $55.66 and its two-hundred day moving average is $55.54.

About Invesco S&P SmallCap Value with Momentum ETF

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.