Sheets Smith Wealth Management Takes Position in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)
by Scott Moore · The Cerbat GemSheets Smith Wealth Management bought a new position in shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,740 shares of the company’s stock, valued at approximately $206,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. increased its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 64.4% during the second quarter. Wetzel Investment Advisors Inc. now owns 707 shares of the company’s stock valued at $37,000 after purchasing an additional 277 shares during the period. Financial Gravity Asset Management Inc. acquired a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the 2nd quarter valued at $72,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 41.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,979 shares of the company’s stock worth $113,000 after acquiring an additional 584 shares during the period. Financial Advocates Investment Management acquired a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF during the 3rd quarter valued at about $228,000. Finally, Western Wealth Management LLC bought a new stake in Invesco S&P SmallCap Value with Momentum ETF in the second quarter valued at about $299,000.
Invesco S&P SmallCap Value with Momentum ETF Trading Up 0.5 %
NYSEARCA XSVM opened at $58.82 on Monday. Invesco S&P SmallCap Value with Momentum ETF has a 1-year low of $45.95 and a 1-year high of $60.22. The company has a market capitalization of $835.24 million, a price-to-earnings ratio of 8.08 and a beta of 1.09. The stock’s 50 day moving average is $54.57 and its two-hundred day moving average is $54.45.
Invesco S&P SmallCap Value with Momentum ETF Profile
PowerShares Fundamental Pure Small Value Portfolio (the Fund), formerly PowerShares Dynamic Small Cap Value Portfolio, is based on the RAFI Fundamental Small Value Index (Index). The Fund focuses to invest at least 90% of its total assets in the securities that comprise the Index. The Index is consisted of common stocks of small value the United States companies, including real estate investment trusts (REITs), from a universe consisted of the 2,500 the United States companies.
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