Harel Insurance Investments & Financial Services Ltd. Invests $1.17 Million in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

Harel Insurance Investments & Financial Services Ltd. bought a new stake in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) during the fourth quarter, Holdings Channel.com reports. The fund bought 17,650 shares of the company’s stock, valued at approximately $1,167,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XSMO. Mainstay Capital Management LLC ADV purchased a new stake in shares of Invesco S&P SmallCap Momentum ETF in the 3rd quarter valued at about $46,409,000. Marmo Financial Group LLC increased its holdings in shares of Invesco S&P SmallCap Momentum ETF by 139.4% in the 3rd quarter. Marmo Financial Group LLC now owns 268,613 shares of the company’s stock valued at $17,779,000 after acquiring an additional 156,422 shares during the period. Apollon Wealth Management LLC purchased a new stake in Invesco S&P SmallCap Momentum ETF in the 3rd quarter valued at $16,982,000. Wealth Enhancement Advisory Services LLC boosted its stake in Invesco S&P SmallCap Momentum ETF by 6.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 209,318 shares of the company’s stock worth $13,855,000 after purchasing an additional 12,581 shares during the period. Finally, Stifel Financial Corp grew its position in Invesco S&P SmallCap Momentum ETF by 21.1% during the 3rd quarter. Stifel Financial Corp now owns 207,692 shares of the company’s stock worth $13,747,000 after purchasing an additional 36,235 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Stock Performance

Shares of NYSEARCA:XSMO opened at $69.31 on Friday. Invesco S&P SmallCap Momentum ETF has a one year low of $55.05 and a one year high of $74.38. The stock has a market capitalization of $486.56 million, a price-to-earnings ratio of 15.91 and a beta of 1.19. The company has a 50-day simple moving average of $69.12 and a 200-day simple moving average of $66.55.

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.