NBZ Investment Advisors LLC Invests $7.35 Million in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

NBZ Investment Advisors LLC purchased a new stake in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 111,229 shares of the company’s stock, valued at approximately $7,353,000. Invesco S&P SmallCap Momentum ETF accounts for 4.1% of NBZ Investment Advisors LLC’s holdings, making the stock its 10th biggest position. NBZ Investment Advisors LLC owned approximately 1.58% of Invesco S&P SmallCap Momentum ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XSMO. LPL Financial LLC raised its holdings in Invesco S&P SmallCap Momentum ETF by 41.3% in the 4th quarter. LPL Financial LLC now owns 1,794,668 shares of the company’s stock worth $118,645,000 after purchasing an additional 524,443 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Invesco S&P SmallCap Momentum ETF during the 4th quarter worth approximately $30,658,000. Harbour Investments Inc. lifted its position in shares of Invesco S&P SmallCap Momentum ETF by 628.3% during the 4th quarter. Harbour Investments Inc. now owns 108,121 shares of the company’s stock valued at $7,148,000 after buying an additional 93,276 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Invesco S&P SmallCap Momentum ETF in the 4th quarter valued at $6,129,000. Finally, Thrivent Financial for Lutherans increased its holdings in Invesco S&P SmallCap Momentum ETF by 56.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 252,457 shares of the company’s stock worth $16,690,000 after acquiring an additional 90,901 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Stock Down 0.8 %

Shares of NYSEARCA XSMO opened at $62.19 on Friday. Invesco S&P SmallCap Momentum ETF has a 52-week low of $55.99 and a 52-week high of $74.38. The company’s 50-day simple moving average is $65.89 and its 200-day simple moving average is $67.11. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 15.41 and a beta of 1.11.

Invesco S&P SmallCap Momentum ETF Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.1958 per share. The ex-dividend date is Monday, March 24th.

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.