Sound Income Strategies LLC Has $2.85 Million Position in Invesco S&P SmallCap Momentum ETF $XSMO

Sound Income Strategies LLC increased its position in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 191.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,917 shares of the company’s stock after purchasing an additional 27,526 shares during the period. Sound Income Strategies LLC owned approximately 0.17% of Invesco S&P SmallCap Momentum ETF worth $2,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in XSMO. Ameriprise Financial Inc. acquired a new stake in Invesco S&P SmallCap Momentum ETF during the 4th quarter worth approximately $798,000. Centaurus Financial Inc. lifted its holdings in Invesco S&P SmallCap Momentum ETF by 34.1% during the 4th quarter. Centaurus Financial Inc. now owns 4,360 shares of the company’s stock worth $288,000 after purchasing an additional 1,109 shares during the last quarter. Fiduciary Alliance LLC lifted its holdings in Invesco S&P SmallCap Momentum ETF by 105.0% during the 1st quarter. Fiduciary Alliance LLC now owns 65,482 shares of the company’s stock worth $4,109,000 after purchasing an additional 33,537 shares during the last quarter. Accel Wealth Management lifted its holdings in Invesco S&P SmallCap Momentum ETF by 21.3% during the 1st quarter. Accel Wealth Management now owns 24,000 shares of the company’s stock worth $1,506,000 after purchasing an additional 4,207 shares during the last quarter. Finally, Breakwater Capital Group acquired a new stake in Invesco S&P SmallCap Momentum ETF during the 1st quarter worth approximately $789,000.

Invesco S&P SmallCap Momentum ETF Trading Up 1.2%

NYSEARCA:XSMO opened at $73.25 on Monday. The stock has a market cap of $1.86 billion, a P/E ratio of 19.29 and a beta of 1.08. The stock has a 50 day simple moving average of $71.11 and a 200 day simple moving average of $66.61. Invesco S&P SmallCap Momentum ETF has a 1-year low of $53.89 and a 1-year high of $74.51.

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.