Fifth Third Bancorp Buys New Position in Invesco S&P SmallCap Momentum ETF $XSMO

Fifth Third Bancorp bought a new position in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) during the first quarter, HoldingsChannel reports. The institutional investor bought 14,292 shares of the company’s stock, valued at approximately $1,086,000.

Other hedge funds have also recently bought and sold shares of the company. Capstone Wealth Management Group LLC raised its position in Invesco S&P SmallCap Momentum ETF by 138.0% in the first quarter. Capstone Wealth Management Group LLC now owns 46,666 shares of the company’s stock worth $2,928,000 after acquiring an additional 27,061 shares in the last quarter. Focus Partners Wealth bought a new position in shares of Invesco S&P SmallCap Momentum ETF during the 1st quarter valued at about $539,000. Cerity Partners LLC acquired a new position in shares of Invesco S&P SmallCap Momentum ETF in the 2nd quarter worth approximately $818,000. Raymond James Financial Inc. grew its stake in shares of Invesco S&P SmallCap Momentum ETF by 154.4% in the 2nd quarter. Raymond James Financial Inc. now owns 1,033,548 shares of the company’s stock worth $70,302,000 after purchasing an additional 627,318 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Invesco S&P SmallCap Momentum ETF by 7.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,414 shares of the company’s stock worth $640,000 after purchasing an additional 665 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Price Performance

NYSEARCA XSMO opened at $87.45 on Friday. The company’s 50 day simple moving average is $88.49 and its 200 day simple moving average is $82.61. Invesco S&P SmallCap Momentum ETF has a 12 month low of $66.16 and a 12 month high of $93.68. The company has a market capitalization of $3.02 billion, a P/E ratio of 19.29 and a beta of 1.08.

Invesco S&P SmallCap Momentum ETF 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.