Merriman Wealth Management LLC Sells 289 Shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

Merriman Wealth Management LLC cut its holdings in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,417 shares of the company’s stock after selling 289 shares during the quarter. Merriman Wealth Management LLC owned approximately 0.21% of Invesco S&P SmallCap Momentum ETF worth $866,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in Invesco S&P SmallCap Momentum ETF during the 2nd quarter worth about $26,000. Avantax Advisory Services Inc. bought a new stake in shares of Invesco S&P SmallCap Momentum ETF during the fourth quarter valued at approximately $205,000. Inscription Capital LLC acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF in the first quarter valued at approximately $208,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF in the second quarter valued at approximately $238,000. Finally, Valley National Advisers Inc. raised its position in Invesco S&P SmallCap Momentum ETF by 109.5% in the 1st quarter. Valley National Advisers Inc. now owns 4,029 shares of the company’s stock worth $243,000 after purchasing an additional 2,106 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Stock Performance

Shares of XSMO opened at $65.97 on Friday. The business’s fifty day moving average price is $64.00 and its two-hundred day moving average price is $61.08. The firm has a market capitalization of $463.11 million, a price-to-earnings ratio of 15.91 and a beta of 1.19. Invesco S&P SmallCap Momentum ETF has a 52 week low of $45.10 and a 52 week high of $68.32.

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.