Schrum Private Wealth Management LLC Purchases New Position in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)

Schrum Private Wealth Management LLC purchased a new position in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,444 shares of the company’s stock, valued at approximately $244,000.

A number of other hedge funds also recently bought and sold shares of the business. Wetzel Investment Advisors Inc. raised its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 64.4% during the 2nd quarter. Wetzel Investment Advisors Inc. now owns 707 shares of the company’s stock worth $37,000 after buying an additional 277 shares during the period. Financial Gravity Asset Management Inc. acquired a new position in Invesco S&P SmallCap Value with Momentum ETF during the second quarter worth $72,000. O Shaughnessy Asset Management LLC raised its position in Invesco S&P SmallCap Value with Momentum ETF by 41.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,979 shares of the company’s stock worth $113,000 after acquiring an additional 584 shares during the period. Sheets Smith Wealth Management purchased a new position in Invesco S&P SmallCap Value with Momentum ETF during the third quarter valued at $206,000. Finally, Financial Advocates Investment Management acquired a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF in the third quarter valued at about $228,000.

Invesco S&P SmallCap Value with Momentum ETF Stock Down 0.8 %

XSVM stock opened at $58.56 on Thursday. The stock has a market capitalization of $831.55 million, a P/E ratio of 8.08 and a beta of 1.09. Invesco S&P SmallCap Value with Momentum ETF has a 52 week low of $48.04 and a 52 week high of $60.22. The firm has a 50-day simple moving average of $54.72 and a 200-day simple moving average of $54.52.

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.