Sequoia Financial Advisors LLC Purchases Shares of 92,709 Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

Sequoia Financial Advisors LLC purchased a new stake in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 92,709 shares of the company’s stock, valued at approximately $6,129,000. Sequoia Financial Advisors LLC owned about 1.32% of Invesco S&P SmallCap Momentum ETF at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. MGB Wealth Management LLC lifted its holdings in Invesco S&P SmallCap Momentum ETF by 100.5% during the 4th quarter. MGB Wealth Management LLC now owns 401 shares of the company’s stock valued at $27,000 after purchasing an additional 201 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 440.2% during the fourth quarter. Global Retirement Partners LLC now owns 443 shares of the company’s stock worth $29,000 after buying an additional 361 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 27.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,208 shares of the company’s stock worth $80,000 after buying an additional 258 shares in the last quarter. Glass Jacobson Investment Advisors llc lifted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 23.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,219 shares of the company’s stock worth $81,000 after buying an additional 230 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF during the fourth quarter worth $111,000.

Invesco S&P SmallCap Momentum ETF Stock Performance

XSMO opened at $59.97 on Friday. Invesco S&P SmallCap Momentum ETF has a fifty-two week low of $55.99 and a fifty-two week high of $74.38. The company has a market capitalization of $1.36 billion, a P/E ratio of 15.41 and a beta of 1.11. The stock has a fifty day moving average of $66.73 and a 200-day moving average of $67.25.

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.