Benjamin Edwards Inc. Invests $1.02 Million in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)

Benjamin Edwards Inc. purchased a new stake in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,493 shares of the company’s stock, valued at approximately $1,021,000. Benjamin Edwards Inc. owned approximately 0.13% of Invesco S&P SmallCap Value with Momentum ETF as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in XSVM. Howe & Rusling Inc. purchased a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF during the 3rd quarter worth approximately $26,000. Wetzel Investment Advisors Inc. raised its stake in Invesco S&P SmallCap Value with Momentum ETF by 64.4% during the 2nd quarter. Wetzel Investment Advisors Inc. now owns 707 shares of the company’s stock worth $37,000 after acquiring an additional 277 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in Invesco S&P SmallCap Value with Momentum ETF in the second quarter valued at $72,000. FMR LLC lifted its position in Invesco S&P SmallCap Value with Momentum ETF by 11.5% in the third quarter. FMR LLC now owns 1,902 shares of the company’s stock valued at $105,000 after acquiring an additional 196 shares during the last quarter. Finally, Sheets Smith Wealth Management acquired a new position in Invesco S&P SmallCap Value with Momentum ETF in the third quarter valued at $206,000.

Invesco S&P SmallCap Value with Momentum ETF Stock Performance

Shares of XSVM stock opened at $58.76 on Friday. Invesco S&P SmallCap Value with Momentum ETF has a 1 year low of $49.86 and a 1 year high of $61.40. The firm has a market cap of $834.39 million, a price-to-earnings ratio of 8.08 and a beta of 1.09. The stock’s 50-day moving average is $56.45 and its two-hundred day moving average is $55.00.

Invesco S&P SmallCap Value with Momentum ETF Company 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.