MFG Investments LLC Makes New $2.11 Million Investment in Invesco S&P SmallCap Momentum ETF $XSMO

MFG Investments LLC acquired a new stake in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 25,824 shares of the company’s stock, valued at approximately $2,107,000. Invesco S&P SmallCap Momentum ETF accounts for approximately 2.4% of MFG Investments LLC’s portfolio, making the stock its 12th biggest holding. MFG Investments LLC owned approximately 0.07% of Invesco S&P SmallCap Momentum ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in Invesco S&P SmallCap Momentum ETF by 4.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,785,627 shares of the company’s stock valued at $167,188,000 after purchasing an additional 69,188 shares during the period. Markowski Investments bought a new position in Invesco S&P SmallCap Momentum ETF during the 2nd quarter valued at approximately $18,314,000. Cetera Investment Advisers raised its position in Invesco S&P SmallCap Momentum ETF by 7.3% during the 1st quarter. Cetera Investment Advisers now owns 870,093 shares of the company’s stock valued at $66,144,000 after purchasing an additional 59,526 shares during the last quarter. Concorde Asset Management LLC raised its position in Invesco S&P SmallCap Momentum ETF by 41.3% during the 2nd quarter. Concorde Asset Management LLC now owns 27,167 shares of the company’s stock valued at $2,544,000 after purchasing an additional 7,941 shares during the last quarter. Finally, Waverly Advisors LLC lifted its holdings in Invesco S&P SmallCap Momentum ETF by 31.6% in the 2nd quarter. Waverly Advisors LLC now owns 33,069 shares of the company’s stock worth $3,096,000 after buying an additional 7,933 shares during the period.

Invesco S&P SmallCap Momentum ETF Stock Performance

NYSEARCA XSMO opened at $80.96 on Wednesday. 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 50 day simple moving average of $82.16 and a two-hundred day simple moving average of $83.33. The stock has a market cap of $2.81 billion, a P/E ratio of 19.29 and a beta of 1.12.

Invesco S&P SmallCap Momentum ETF Company 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.