Andina Capital Management LLC Invests $772,000 in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)

Andina Capital Management LLC bought a new position in shares of Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) during the 4th quarter, HoldingsChannel reports. The fund bought 14,175 shares of the company’s stock, valued at approximately $772,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 1.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 689,648 shares of the company’s stock worth $37,924,000 after purchasing an additional 12,559 shares during the last quarter. CWM LLC boosted its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 44.5% during the 3rd quarter. CWM LLC now owns 673,288 shares of the company’s stock worth $37,024,000 after purchasing an additional 207,424 shares during the last quarter. Valmark Advisers Inc. boosted its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 8.5% during the 3rd quarter. Valmark Advisers Inc. now owns 249,759 shares of the company’s stock worth $13,734,000 after purchasing an additional 19,485 shares during the last quarter. Traction Financial Partners LLC raised its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 8.5% during the 2nd quarter. Traction Financial Partners LLC now owns 224,457 shares of the company’s stock valued at $12,186,000 after buying an additional 17,667 shares during the period. Finally, Raymond James & Associates raised its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 5.5% during the 3rd quarter. Raymond James & Associates now owns 187,778 shares of the company’s stock valued at $10,326,000 after buying an additional 9,811 shares during the period.

Invesco S&P SmallCap Value with Momentum ETF Stock Performance

XSVM stock opened at $55.34 on Friday. The firm has a market cap of $785.83 million, a PE ratio of 8.08 and a beta of 1.09. The firm’s 50 day moving average price is $56.42 and its 200-day moving average price is $55.54. Invesco S&P SmallCap Value with Momentum ETF has a one year low of $50.79 and a one year 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.