Kinetic Wealth Investment Advisors LLC Acquires New Holdings in Invesco S&P SmallCap Momentum ETF $XSMO

Kinetic Wealth Investment Advisors LLC acquired a new position in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 70,247 shares of the company’s stock, valued at approximately $6,577,000. Invesco S&P SmallCap Momentum ETF makes up about 3.1% of Kinetic Wealth Investment Advisors LLC’s holdings, making the stock its 6th largest holding.

A number of other hedge funds also recently bought and sold shares of the stock. LPL Financial LLC increased its holdings in shares of Invesco S&P SmallCap Momentum ETF by 3.2% in the 4th quarter. LPL Financial LLC now owns 2,171,515 shares of the company’s stock valued at $156,371,000 after acquiring an additional 66,942 shares during the period. Osaic Holdings Inc. grew its stake in Invesco S&P SmallCap Momentum ETF by 2.0% in the fourth quarter. Osaic Holdings Inc. now owns 1,730,681 shares of the company’s stock valued at $124,644,000 after purchasing an additional 33,235 shares during the last quarter. Raymond James Financial Inc. raised its holdings in Invesco S&P SmallCap Momentum ETF by 28.4% in the third quarter. Raymond James Financial Inc. now owns 1,327,495 shares of the company’s stock worth $97,664,000 after purchasing an additional 293,947 shares in the last quarter. Morgan Stanley raised its holdings in Invesco S&P SmallCap Momentum ETF by 23.7% in the fourth quarter. Morgan Stanley now owns 942,702 shares of the company’s stock worth $67,884,000 after purchasing an additional 180,690 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Invesco S&P SmallCap Momentum ETF by 7.3% during the first quarter. Cetera Investment Advisers now owns 870,093 shares of the company’s stock valued at $66,144,000 after buying an additional 59,526 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Stock Performance

NYSEARCA:XSMO opened at $85.04 on Tuesday. Invesco S&P SmallCap Momentum ETF has a fifty-two week low of $68.59 and a fifty-two week high of $93.68. The stock has a market capitalization of $2.97 billion, a P/E ratio of 19.29 and a beta of 1.08. The company’s 50-day simple moving average is $87.68 and its 200-day simple moving average is $84.72.

About Invesco S&P SmallCap Momentum ETF

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.