Independent Financial Group LLC purchased a new position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor purchased 18,232 shares of the company’s stock, valued at approximately $2,644,000.
Several other institutional investors and hedge funds have also made changes to their positions in XMMO. &PARTNERS lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 2.0% during the fourth quarter. &PARTNERS now owns 3,501 shares of the company’s stock worth $485,000 after buying an additional 70 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Invesco S&P MidCap Momentum ETF by 0.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 11,845 shares of the company’s stock valued at $1,640,000 after acquiring an additional 86 shares during the period. Crescent Sterling Ltd. raised its stake in Invesco S&P MidCap Momentum ETF by 4.4% in the 4th quarter. Crescent Sterling Ltd. now owns 2,233 shares of the company’s stock worth $309,000 after acquiring an additional 95 shares during the last quarter. Advisory Services Network LLC raised its stake in Invesco S&P MidCap Momentum ETF by 2.4% in the 3rd quarter. Advisory Services Network LLC now owns 4,004 shares of the company’s stock worth $541,000 after acquiring an additional 95 shares during the last quarter. Finally, Tactive Advisors LLC raised its stake in Invesco S&P MidCap Momentum ETF by 1.2% in the 4th quarter. Tactive Advisors LLC now owns 8,474 shares of the company’s stock worth $1,173,000 after acquiring an additional 98 shares during the last quarter.
Invesco S&P MidCap Momentum ETF Stock Performance
Shares of XMMO opened at $157.08 on Friday. The stock has a 50-day moving average of $165.97 and a two-hundred day moving average of $154.14. The stock has a market cap of $7.25 billion, a P/E ratio of 22.06 and a beta of 1.08. Invesco S&P MidCap Momentum ETF has a one year low of $126.64 and a one year high of $173.94.
Invesco S&P MidCap Momentum ETF 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.
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