ERn Financial LLC Has $742,000 Position in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

ERn Financial LLC raised its holdings in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 1.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,226 shares of the company’s stock after acquiring an additional 192 shares during the quarter. ERn Financial LLC’s holdings in Invesco S&P SmallCap Momentum ETF were worth $742,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of XSMO. Thurston Springer Miller Herd & Titak Inc. increased its position in Invesco S&P SmallCap Momentum ETF by 706.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 15,199 shares of the company’s stock worth $1,005,000 after buying an additional 13,314 shares during the period. Capstone Wealth Management Group LLC acquired a new position in Invesco S&P SmallCap Momentum ETF during the 4th quarter valued at $1,296,000. Cooper Financial Group boosted its holdings in Invesco S&P SmallCap Momentum ETF by 11.9% in the 4th quarter. Cooper Financial Group now owns 104,103 shares of the company’s stock valued at $6,882,000 after purchasing an additional 11,041 shares during the period. Fiduciary Alliance LLC bought a new position in shares of Invesco S&P SmallCap Momentum ETF during the 4th quarter worth about $2,112,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Invesco S&P SmallCap Momentum ETF during the third quarter valued at about $363,000.

Invesco S&P SmallCap Momentum ETF Trading Up 1.8 %

Shares of NYSEARCA:XSMO opened at $67.96 on Thursday. The firm has a market capitalization of $477.08 million, a PE ratio of 15.91 and a beta of 1.19. Invesco S&P SmallCap Momentum ETF has a 1-year low of $54.00 and a 1-year high of $74.38. The business’s 50 day moving average is $69.55 and its 200-day moving average is $66.20.

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.