Sonoma Allocations LLC Purchases New Position in Invesco S&P SmallCap Momentum ETF $XSMO

Sonoma Allocations LLC purchased a new stake in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,232 shares of the company’s stock, valued at approximately $567,000.

Several other hedge funds have also recently bought and sold shares of XSMO. Total Clarity Wealth Management Inc. bought a new position in Invesco S&P SmallCap Momentum ETF during the 1st quarter valued at $665,000. Apollon Wealth Management LLC boosted its holdings in Invesco S&P SmallCap Momentum ETF by 1.6% during the 4th quarter. Apollon Wealth Management LLC now owns 384,931 shares of the company’s stock worth $27,719,000 after acquiring an additional 6,215 shares during the last quarter. Capital Investment Counsel LLC bought a new stake in shares of Invesco S&P SmallCap Momentum ETF in the 4th quarter worth $2,245,000. Fortis Capital Advisors LLC bought a new stake in shares of Invesco S&P SmallCap Momentum ETF in the 4th quarter worth $719,000. Finally, HighTower Advisors LLC raised its holdings in shares of Invesco S&P SmallCap Momentum ETF by 293.3% in the fourth quarter. HighTower Advisors LLC now owns 223,166 shares of the company’s stock valued at $16,070,000 after purchasing an additional 166,427 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Price Performance

Shares of XSMO stock opened at $86.96 on Friday. The firm has a 50-day moving average of $88.66 and a 200-day moving average of $83.02. Invesco S&P SmallCap Momentum ETF has a one year low of $66.16 and a one year high of $93.68. The company has a market cap of $3.03 billion, a P/E 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.