Meridian Wealth Management LLC lifted its position in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO – Free Report) by 16.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,466 shares of the company’s stock after buying an additional 18,617 shares during the period. Meridian Wealth Management LLC owned about 0.47% of Invesco S&P SmallCap Momentum ETF worth $9,525,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XSMO. Beacon Capital Management Inc. acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF during the second quarter worth about $27,000. Harbor Asset Planning Inc. acquired a new position in shares of Invesco S&P SmallCap Momentum ETF in the 2nd quarter valued at approximately $40,000. Hazlett Burt & Watson Inc. increased its stake in Invesco S&P SmallCap Momentum ETF by 234.4% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 535 shares of the company’s stock worth $40,000 after purchasing an additional 375 shares in the last quarter. Parkside Financial Bank & Trust acquired a new stake in Invesco S&P SmallCap Momentum ETF during the 2nd quarter worth approximately $41,000. Finally, Godsey & Gibb Inc. bought a new position in Invesco S&P SmallCap Momentum ETF in the third quarter valued at approximately $57,000.
Invesco S&P SmallCap Momentum ETF Stock Down 0.9%
Invesco S&P SmallCap Momentum ETF stock opened at $76.25 on Friday. Invesco S&P SmallCap Momentum ETF has a twelve month low of $53.89 and a twelve month high of $79.18. The company has a 50 day moving average of $74.64 and a 200-day moving average of $72.62. The stock has a market capitalization of $2.22 billion, a PE ratio of 19.29 and a beta of 1.07.
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.
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