Commonwealth Equity Services LLC Sells 43,018 Shares of Invesco S&P MidCap Value with Momentum ETF $XMVM

Commonwealth Equity Services LLC trimmed its position in shares of Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) by 39.0% during the fourth quarter, HoldingsChannel reports. The firm owned 67,146 shares of the company’s stock after selling 43,018 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Invesco S&P MidCap Value with Momentum ETF were worth $4,308,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in shares of Invesco S&P MidCap Value with Momentum ETF by 23.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 4,696 shares of the company’s stock worth $301,000 after purchasing an additional 891 shares in the last quarter. LPL Financial LLC boosted its position in shares of Invesco S&P MidCap Value with Momentum ETF by 3.3% during the fourth quarter. LPL Financial LLC now owns 562,745 shares of the company’s stock worth $36,106,000 after purchasing an additional 18,141 shares in the last quarter. Sarver Vrooman Wealth Advisors bought a new position in shares of Invesco S&P MidCap Value with Momentum ETF during the fourth quarter worth $63,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco S&P MidCap Value with Momentum ETF by 14.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 148,670 shares of the company’s stock worth $9,539,000 after purchasing an additional 18,909 shares in the last quarter. Finally, IFP Advisors Inc bought a new position in shares of Invesco S&P MidCap Value with Momentum ETF during the fourth quarter worth $43,000.

Invesco S&P MidCap Value with Momentum ETF Price Performance

Shares of NYSEARCA XMVM opened at $69.53 on Monday. The company’s fifty day moving average is $68.00 and its 200-day moving average is $66.42. The stock has a market cap of $454.03 million, a price-to-earnings ratio of 11.50 and a beta of 0.98. Invesco S&P MidCap Value with Momentum ETF has a twelve month low of $53.68 and a twelve month high of $70.13.

Invesco S&P MidCap Value with Momentum ETF Company Profile

The Invesco S&P MidCap Value with Momentum ETF (XMVM) is an exchange-traded fund that is based on the S&P Midcap 400 High Momentum Value index. The fund tracks a value-weighted index of S&P 400 MidCap stocks selected by value and momentum. XMVM was launched on Mar 3, 2005 and is managed by Invesco.