N.E.W. Advisory Services LLC Acquires Shares of 1,270 Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)

N.E.W. Advisory Services LLC bought a new position in shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) in the first quarter, Holdings Channel reports. The institutional investor bought 1,270 shares of the company’s stock, valued at approximately $64,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Avantax Advisory Services Inc. increased its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 4.4% during the first quarter. Avantax Advisory Services Inc. now owns 299,997 shares of the company’s stock worth $15,060,000 after purchasing an additional 12,574 shares in the last quarter. 360 Financial Inc. increased its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 5.9% during the fourth quarter. 360 Financial Inc. now owns 282,990 shares of the company’s stock worth $15,417,000 after purchasing an additional 15,788 shares in the last quarter. Valmark Advisers Inc. increased its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 3.8% during the first quarter. Valmark Advisers Inc. now owns 278,053 shares of the company’s stock worth $13,958,000 after purchasing an additional 10,098 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 2.8% during the first quarter. Envestnet Asset Management Inc. now owns 137,484 shares of the company’s stock worth $6,902,000 after purchasing an additional 3,771 shares in the last quarter. Finally, Anderson Financial Strategies LLC purchased a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF during the fourth quarter worth about $6,399,000.

Invesco S&P SmallCap Value with Momentum ETF Stock Down 1.2%

XSVM stock opened at $52.68 on Thursday. The stock has a market capitalization of $573.16 million, a P/E ratio of 9.55 and a beta of 1.25. The firm has a 50-day simple moving average of $51.85 and a 200-day simple moving average of $51.44. Invesco S&P SmallCap Value with Momentum ETF has a 52 week low of $43.30 and a 52 week high of $61.40.

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.