Northwestern Mutual Wealth Management Co. Boosts Holdings in Invesco S&P SmallCap Momentum ETF $XSMO

Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 14.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 581,644 shares of the company’s stock after buying an additional 74,284 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P SmallCap Momentum ETF were worth $41,884,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC boosted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 650.2% in the third quarter. HighTower Advisors LLC now owns 56,739 shares of the company’s stock worth $4,174,000 after buying an additional 49,176 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 1.6% in the fourth quarter. Apollon Wealth Management LLC now owns 384,931 shares of the company’s stock worth $27,719,000 after buying an additional 6,215 shares during the last quarter. Fortis Capital Advisors LLC purchased a new position in shares of Invesco S&P SmallCap Momentum ETF in the fourth quarter worth approximately $719,000. Seaview Investment Managers LLC purchased a new position in shares of Invesco S&P SmallCap Momentum ETF in the third quarter worth approximately $1,164,000. Finally, USAdvisors Wealth Management LLC boosted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 8.9% in the third quarter. USAdvisors Wealth Management LLC now owns 97,487 shares of the company’s stock worth $7,172,000 after buying an additional 7,971 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Trading Down 1.1%

XSMO opened at $88.13 on Friday. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 19.29 and a beta of 1.11. The company’s 50 day moving average is $82.85 and its 200 day moving average is $78.11. Invesco S&P SmallCap Momentum ETF has a 12-month low of $64.87 and a 12-month high of $89.40.

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.