8,300 Shares in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Acquired by Savvy Advisors Inc.

Savvy Advisors Inc. purchased a new position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,300 shares of the company’s stock, valued at approximately $745,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its holdings in shares of Invesco S&P MidCap Momentum ETF by 8.4% in the 4th quarter. Private Trust Co. NA now owns 2,852 shares of the company’s stock valued at $256,000 after buying an additional 220 shares during the period. Mariner LLC raised its holdings in Invesco S&P MidCap Momentum ETF by 2.1% during the third quarter. Mariner LLC now owns 12,514 shares of the company’s stock worth $1,007,000 after purchasing an additional 259 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Invesco S&P MidCap Momentum ETF by 7.7% during the third quarter. Oppenheimer & Co. Inc. now owns 3,717 shares of the company’s stock worth $299,000 after purchasing an additional 267 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in Invesco S&P MidCap Momentum ETF by 2.6% during the third quarter. Kingsview Wealth Management LLC now owns 11,050 shares of the company’s stock worth $890,000 after purchasing an additional 282 shares during the last quarter. Finally, Blue Trust Inc. acquired a new position in Invesco S&P MidCap Momentum ETF during the fourth quarter worth $27,000.

Invesco S&P MidCap Momentum ETF Stock Performance

XMMO stock traded down $1.44 during midday trading on Thursday, hitting $116.09. 226,000 shares of the stock were exchanged, compared to its average volume of 249,455. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $72.49 and a fifty-two week high of $117.57. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12. The stock’s 50-day moving average price is $112.14 and its 200-day moving average price is $98.26.

Invesco S&P MidCap Momentum ETF Company Profile

The Invesco S&P MidCap Momentum ETF (XMMO) is an exchange-traded fund that is based on the S&P MidCap 400 Momentum (USD) index. The fund tracks an index of S&P 400 MidCap stocks selected by momentum and weighted by market cap and momentum. XMMO was launched on Mar 3, 2005 and is managed by Invesco.