Seros Financial LLC Has $9.52 Million Stock Position in Invesco S&P SmallCap Momentum ETF $XSMO

Seros Financial LLC raised its position in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 60.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 125,274 shares of the company’s stock after purchasing an additional 47,101 shares during the period. Invesco S&P SmallCap Momentum ETF makes up 6.1% of Seros Financial LLC’s investment portfolio, making the stock its 7th biggest holding. Seros Financial LLC’s holdings in Invesco S&P SmallCap Momentum ETF were worth $9,523,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Capstone Wealth Management Group LLC raised its position in Invesco S&P SmallCap Momentum ETF by 138.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 46,666 shares of the company’s stock valued at $2,928,000 after buying an additional 27,061 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Invesco S&P SmallCap Momentum ETF during the 1st quarter worth approximately $539,000. Cerity Partners LLC acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF in the second quarter valued at approximately $818,000. Raymond James Financial Inc. raised its holdings in shares of Invesco S&P SmallCap Momentum ETF by 154.4% in the second quarter. Raymond James Financial Inc. now owns 1,033,548 shares of the company’s stock valued at $70,302,000 after purchasing an additional 627,318 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Invesco S&P SmallCap Momentum ETF by 7.6% in the second quarter. Ameriprise Financial Inc. now owns 9,414 shares of the company’s stock worth $640,000 after purchasing an additional 665 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Trading Up 0.6%

Shares of XSMO opened at $88.75 on Thursday. Invesco S&P SmallCap Momentum ETF has a 12 month low of $66.16 and a 12 month high of $93.68. The firm has a fifty day simple moving average of $88.28 and a 200 day simple moving average of $81.95. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 19.29 and a beta of 1.08.

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.