Spire Wealth Management Sells 2,127 Shares of Invesco S&P SmallCap Value with Momentum ETF $XSVM

Spire Wealth Management lowered its stake in shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) by 7.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,155 shares of the company’s stock after selling 2,127 shares during the quarter. Spire Wealth Management owned about 0.25% of Invesco S&P SmallCap Value with Momentum ETF worth $1,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. boosted its position in Invesco S&P SmallCap Value with Momentum ETF by 4.4% during the first quarter. Avantax Advisory Services Inc. now owns 299,997 shares of the company’s stock valued at $15,060,000 after purchasing an additional 12,574 shares in the last quarter. 360 Financial Inc. boosted its position in Invesco S&P SmallCap Value with Momentum ETF by 4.4% during the first quarter. 360 Financial Inc. now owns 295,414 shares of the company’s stock valued at $14,830,000 after purchasing an additional 12,424 shares in the last quarter. Valmark Advisers Inc. boosted its position in Invesco S&P SmallCap Value with Momentum ETF by 6.2% during the second quarter. Valmark Advisers Inc. now owns 295,307 shares of the company’s stock valued at $15,353,000 after purchasing an additional 17,254 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Invesco S&P SmallCap Value with Momentum ETF by 2.8% during the first quarter. Envestnet Asset Management Inc. now owns 137,484 shares of the company’s stock valued at $6,902,000 after purchasing an additional 3,771 shares in the last quarter. Finally, CW Advisors LLC bought a new stake in Invesco S&P SmallCap Value with Momentum ETF during the first quarter valued at about $6,204,000.

Invesco S&P SmallCap Value with Momentum ETF Price Performance

Shares of XSVM stock opened at $54.64 on Friday. Invesco S&P SmallCap Value with Momentum ETF has a 1-year low of $43.30 and a 1-year high of $61.40. The stock’s 50-day moving average is $56.51 and its 200 day moving average is $53.16. The company has a market cap of $567.71 million, a P/E ratio of 9.55 and a beta of 1.07.

Invesco S&P SmallCap Value with Momentum ETF Company Profile

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.