NBZ Investment Advisors LLC Makes New Investment in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

NBZ Investment Advisors LLC acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 111,229 shares of the company’s stock, valued at approximately $7,353,000. Invesco S&P SmallCap Momentum ETF accounts for approximately 4.1% of NBZ Investment Advisors LLC’s holdings, making the stock its 10th largest holding.

Several other institutional investors also recently made changes to their positions in the stock. MGB Wealth Management LLC increased its position in shares of Invesco S&P SmallCap Momentum ETF by 100.5% in the 4th quarter. MGB Wealth Management LLC now owns 401 shares of the company’s stock worth $27,000 after purchasing an additional 201 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 440.2% in the 4th quarter. Global Retirement Partners LLC now owns 443 shares of the company’s stock valued at $29,000 after acquiring an additional 361 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Invesco S&P SmallCap Momentum ETF by 27.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,208 shares of the company’s stock valued at $80,000 after purchasing an additional 258 shares during the period. Glass Jacobson Investment Advisors llc raised its holdings in Invesco S&P SmallCap Momentum ETF by 23.3% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,219 shares of the company’s stock valued at $81,000 after acquiring an additional 230 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in Invesco S&P SmallCap Momentum ETF in the third quarter worth about $114,000.

Invesco S&P SmallCap Momentum ETF Stock Performance

Shares of NYSEARCA:XSMO opened at $62.19 on Friday. The company has a market capitalization of $1.41 billion, a PE ratio of 15.41 and a beta of 1.11. Invesco S&P SmallCap Momentum ETF has a 52 week low of $55.99 and a 52 week high of $74.38. The company’s fifty day moving average is $65.89 and its 200-day moving average is $67.11.

Invesco S&P SmallCap Momentum ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be given a dividend of $0.1958 per share. The ex-dividend date of this dividend is Monday, March 24th.

Invesco S&P SmallCap Momentum ETF Company Profile

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.