Bestgate Wealth Advisors LLC Makes New $1.54 Million Investment in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)

Bestgate Wealth Advisors LLC bought a new position in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 28,262 shares of the company’s stock, valued at approximately $1,540,000. Invesco S&P SmallCap Value with Momentum ETF makes up about 3.1% of Bestgate Wealth Advisors LLC’s investment portfolio, making the stock its 7th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in XSVM. Howe & Rusling Inc. acquired a new position in Invesco S&P SmallCap Value with Momentum ETF during the third quarter worth $26,000. FMR LLC lifted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 11.5% during the 3rd quarter. FMR LLC now owns 1,902 shares of the company’s stock worth $105,000 after purchasing an additional 196 shares during the last quarter. Private Trust Co. NA increased its stake in Invesco S&P SmallCap Value with Momentum ETF by 37.3% during the fourth quarter. Private Trust Co. NA now owns 2,429 shares of the company’s stock valued at $132,000 after acquiring an additional 660 shares during the period. Townsquare Capital LLC increased its stake in Invesco S&P SmallCap Value with Momentum ETF by 12.9% during the third quarter. Townsquare Capital LLC now owns 4,489 shares of the company’s stock valued at $247,000 after acquiring an additional 514 shares during the period. Finally, SRS Capital Advisors Inc. bought a new position in Invesco S&P SmallCap Value with Momentum ETF during the fourth quarter valued at about $324,000.

Invesco S&P SmallCap Value with Momentum ETF Trading Down 0.2 %

XSVM stock opened at $50.72 on Wednesday. Invesco S&P SmallCap Value with Momentum ETF has a 1-year low of $49.25 and a 1-year high of $61.40. The firm has a market cap of $646.68 million, a P/E ratio of 9.81 and a beta of 1.26. The business’s 50 day moving average is $53.77 and its 200-day moving average is $55.10.

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.