Theory Financial LLC Trims Stock Position in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

Theory Financial LLC cut its stake in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,181 shares of the company’s stock after selling 882 shares during the period. Theory Financial LLC owned approximately 0.70% of Invesco S&P SmallCap Momentum ETF worth $3,251,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Stephens Inc. AR raised its stake in Invesco S&P SmallCap Momentum ETF by 2.2% during the 3rd quarter. Stephens Inc. AR now owns 7,174 shares of the company’s stock valued at $475,000 after acquiring an additional 155 shares during the last quarter. Valley National Advisers Inc. raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 3.3% during the 4th quarter. Valley National Advisers Inc. now owns 5,048 shares of the company’s stock worth $333,000 after buying an additional 162 shares in the last quarter. ERn Financial LLC raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 1.7% during the 4th quarter. ERn Financial LLC now owns 11,226 shares of the company’s stock worth $742,000 after buying an additional 192 shares in the last quarter. MGB Wealth Management LLC raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 100.5% during the 4th quarter. MGB Wealth Management LLC now owns 401 shares of the company’s stock worth $27,000 after buying an additional 201 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 23.3% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,219 shares of the company’s stock worth $81,000 after buying an additional 230 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Trading Down 2.9 %

Shares of XSMO stock opened at $65.20 on Friday. The company has a market cap of $457.70 million, a price-to-earnings ratio of 15.91 and a beta of 1.19. The stock has a 50 day simple moving average of $67.82 and a 200-day simple moving average of $67.28. Invesco S&P SmallCap Momentum ETF has a 12-month low of $55.99 and a 12-month high of $74.38.

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.