Wells Fargo & Company MN Sells 28,116 Shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)

Wells Fargo & Company MN lowered its position in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) by 15.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 149,338 shares of the company’s stock after selling 28,116 shares during the quarter. Wells Fargo & Company MN’s holdings in Invesco S&P SmallCap Value with Momentum ETF were worth $8,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. Arete Wealth Advisors LLC grew its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 85.6% in the fourth quarter. Arete Wealth Advisors LLC now owns 35,639 shares of the company’s stock valued at $1,945,000 after purchasing an additional 16,438 shares during the last quarter. WESCAP Management Group Inc. lifted its stake in Invesco S&P SmallCap Value with Momentum ETF by 25.3% during the fourth quarter. WESCAP Management Group Inc. now owns 5,894 shares of the company’s stock worth $321,000 after purchasing an additional 1,191 shares during the last quarter. OLD Mission Capital LLC bought a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF during the 4th quarter worth $414,000. LPL Financial LLC boosted its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 2.5% in the 4th quarter. LPL Financial LLC now owns 1,682,054 shares of the company’s stock valued at $91,638,000 after purchasing an additional 41,074 shares in the last quarter. Finally, Bestgate Wealth Advisors LLC acquired a new stake in Invesco S&P SmallCap Value with Momentum ETF in the fourth quarter valued at approximately $1,540,000.

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

Shares of XSVM stock opened at $46.33 on Friday. The firm has a market capitalization of $590.71 million, a P/E ratio of 9.81 and a beta of 1.26. The stock’s fifty day simple moving average is $50.60 and its 200 day simple moving average is $54.09. Invesco S&P SmallCap Value with Momentum ETF has a twelve month low of $43.30 and a twelve month high of $61.40.

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.