49 Wealth Management LLC Decreases Stock Holdings in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)

49 Wealth Management LLC trimmed its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) by 21.0% in the third quarter, Holdings Channel reports. The institutional investor owned 21,224 shares of the company’s stock after selling 5,638 shares during the period. 49 Wealth Management LLC’s holdings in Invesco S&P SmallCap Value with Momentum ETF were worth $1,167,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CWM LLC increased its stake in Invesco S&P SmallCap Value with Momentum ETF by 44.5% in the third quarter. CWM LLC now owns 673,288 shares of the company’s stock valued at $37,024,000 after purchasing an additional 207,424 shares during the last quarter. LPL Financial LLC grew its stake in Invesco S&P SmallCap Value with Momentum ETF by 11.0% during the 2nd quarter. LPL Financial LLC now owns 1,671,712 shares of the company’s stock worth $87,564,000 after buying an additional 166,252 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Invesco S&P SmallCap Value with Momentum ETF during the third quarter worth approximately $8,822,000. Cetera Investment Advisers lifted its stake in Invesco S&P SmallCap Value with Momentum ETF by 607.8% in the first quarter. Cetera Investment Advisers now owns 80,821 shares of the company’s stock valued at $4,602,000 after buying an additional 69,402 shares during the last quarter. Finally, Valmark Advisers Inc. boosted its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 42.4% in the second quarter. Valmark Advisers Inc. now owns 230,274 shares of the company’s stock valued at $12,062,000 after acquiring an additional 68,524 shares during the period.

Invesco S&P SmallCap Value with Momentum ETF Price Performance

Shares of Invesco S&P SmallCap Value with Momentum ETF stock opened at $58.55 on Friday. The firm’s fifty day simple moving average is $55.43 and its 200-day simple moving average is $54.69. Invesco S&P SmallCap Value with Momentum ETF has a 12 month low of $48.70 and a 12 month high of $60.22. The stock has a market capitalization of $831.41 million, a price-to-earnings ratio of 8.08 and a beta of 1.09.

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.