Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Position Raised by Raymond James & Associates

Raymond James & Associates boosted its position in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) by 5.5% in the third quarter, HoldingsChannel.com reports. The firm owned 187,778 shares of the company’s stock after purchasing an additional 9,811 shares during the quarter. Raymond James & Associates’ holdings in Invesco S&P SmallCap Value with Momentum ETF were worth $10,326,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 44.5% in the third quarter. CWM LLC now owns 673,288 shares of the company’s stock valued at $37,024,000 after buying an additional 207,424 shares during the period. LPL Financial LLC boosted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 11.0% during the 2nd quarter. LPL Financial LLC now owns 1,671,712 shares of the company’s stock valued at $87,564,000 after purchasing an additional 166,252 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 369.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 158,362 shares of the company’s stock worth $9,017,000 after purchasing an additional 124,654 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 607.8% in the 1st quarter. Cetera Investment Advisers now owns 80,821 shares of the company’s stock worth $4,602,000 after purchasing an additional 69,402 shares in the last quarter. Finally, Valmark Advisers Inc. lifted its stake in Invesco S&P SmallCap Value with Momentum ETF by 42.4% during the second quarter. Valmark Advisers Inc. now owns 230,274 shares of the company’s stock valued at $12,062,000 after purchasing an additional 68,524 shares during the last quarter.

Invesco S&P SmallCap Value with Momentum ETF Stock Performance

Shares of NYSEARCA:XSVM opened at $54.79 on Tuesday. The stock has a market capitalization of $778.02 million, a price-to-earnings ratio of 8.08 and a beta of 1.09. Invesco S&P SmallCap Value with Momentum ETF has a 1-year low of $44.99 and a 1-year high of $60.22. The company has a 50 day moving average price of $54.56 and a 200 day moving average price of $54.34.

About Invesco S&P SmallCap Value with Momentum ETF

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.