TruWealth Advisors LLC Buys 10,585 Shares of Invesco S&P MidCap Momentum ETF $XMMO

TruWealth Advisors LLC increased its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 68.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,021 shares of the company’s stock after purchasing an additional 10,585 shares during the quarter. TruWealth Advisors LLC owned approximately 0.08% of Invesco S&P MidCap Momentum ETF worth $3,519,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its position in Invesco S&P MidCap Momentum ETF by 22.6% in the first quarter. Royal Bank of Canada now owns 210,527 shares of the company’s stock valued at $23,949,000 after purchasing an additional 38,871 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the second quarter worth about $5,357,000. AE Wealth Management LLC increased its stake in shares of Invesco S&P MidCap Momentum ETF by 8.6% in the second quarter. AE Wealth Management LLC now owns 21,189 shares of the company’s stock valued at $2,726,000 after buying an additional 1,682 shares during the period. American Trust bought a new position in Invesco S&P MidCap Momentum ETF in the 2nd quarter valued at approximately $1,062,000. Finally, Baird Financial Group Inc. raised its holdings in Invesco S&P MidCap Momentum ETF by 3.8% in the 1st quarter. Baird Financial Group Inc. now owns 6,213 shares of the company’s stock valued at $707,000 after buying an additional 230 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Price Performance

XMMO opened at $138.94 on Tuesday. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $97.50 and a fifty-two week high of $142.34. The company’s 50 day moving average price is $136.17 and its two-hundred day moving average price is $132.40. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 22.06 and a beta of 1.05.

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.