Bank of America Corp DE Buys 284,149 Shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO)

Bank of America Corp DE boosted its stake in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 252.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 396,771 shares of the company’s stock after acquiring an additional 284,149 shares during the quarter. Bank of America Corp DE owned 0.06% of Invesco S&P SmallCap Momentum ETF worth $26,231,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MGB Wealth Management LLC lifted its position in Invesco S&P SmallCap Momentum ETF by 100.5% in the 4th quarter. MGB Wealth Management LLC now owns 401 shares of the company’s stock valued at $27,000 after acquiring an additional 201 shares in the last quarter. Global Retirement Partners LLC lifted its position in Invesco S&P SmallCap Momentum ETF by 440.2% during the 4th quarter. Global Retirement Partners LLC now owns 443 shares of the company’s stock worth $29,000 after buying an additional 361 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Invesco S&P SmallCap Momentum ETF by 27.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,208 shares of the company’s stock worth $80,000 after buying an additional 258 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in Invesco S&P SmallCap Momentum ETF during the 4th quarter worth about $111,000. Finally, Blair William & Co. IL bought a new stake in Invesco S&P SmallCap Momentum ETF during the 4th quarter worth about $119,000.

Invesco S&P SmallCap Momentum ETF Price Performance

Shares of NYSEARCA:XSMO opened at $66.88 on Friday. The company’s 50-day moving average price is $61.39 and its two-hundred day moving average price is $65.95. Invesco S&P SmallCap Momentum ETF has a one year low of $53.89 and a one year high of $74.38. The stock has a market capitalization of $1.51 billion, a PE ratio of 19.26 and a beta of 1.07.

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.