Sound Income Strategies LLC Boosts Stake in Invesco S&P MidCap Momentum ETF $XMMO

Sound Income Strategies LLC raised its position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 67.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 66,916 shares of the company’s stock after purchasing an additional 27,024 shares during the period. Sound Income Strategies LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $9,580,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XMMO. First Financial Corp IN purchased a new position in Invesco S&P MidCap Momentum ETF in the 3rd quarter valued at about $25,000. Realta Investment Advisors purchased a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $28,000. GoalVest Advisory LLC purchased a new position in Invesco S&P MidCap Momentum ETF in the 3rd quarter valued at about $29,000. Greykasell Wealth Strategies Inc. purchased a new position in Invesco S&P MidCap Momentum ETF in the 3rd quarter valued at about $43,000. Finally, Beacon Capital Management Inc. purchased a new position in Invesco S&P MidCap Momentum ETF in the 2nd quarter valued at about $50,000.

Invesco S&P MidCap Momentum ETF Price Performance

NYSEARCA:XMMO opened at $147.51 on Tuesday. The firm has a 50-day moving average of $145.77 and a two-hundred day moving average of $140.47. The stock has a market cap of $5.93 billion, a P/E ratio of 22.06 and a beta of 1.05. Invesco S&P MidCap Momentum ETF has a 1-year low of $97.50 and a 1-year high of $152.42.

About Invesco S&P MidCap Momentum ETF

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.