Financial Advocates Investment Management Cuts Stock Position in Invesco S&P MidCap Momentum ETF $XMMO

Financial Advocates Investment Management lessened its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 62.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,090 shares of the company’s stock after selling 8,302 shares during the period. Financial Advocates Investment Management’s holdings in Invesco S&P MidCap Momentum ETF were worth $688,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vantagepoint Investment Advisers LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the 3rd quarter worth $161,994,000. Raymond James Financial Inc. lifted its holdings in shares of Invesco S&P MidCap Momentum ETF by 5.0% in the 2nd quarter. Raymond James Financial Inc. now owns 667,770 shares of the company’s stock valued at $85,895,000 after acquiring an additional 31,948 shares during the last quarter. Bank of America Corp DE grew its position in Invesco S&P MidCap Momentum ETF by 7.6% in the second quarter. Bank of America Corp DE now owns 597,656 shares of the company’s stock worth $76,877,000 after acquiring an additional 42,015 shares in the last quarter. Cetera Investment Advisers increased its stake in Invesco S&P MidCap Momentum ETF by 11.4% during the second quarter. Cetera Investment Advisers now owns 546,873 shares of the company’s stock worth $70,344,000 after acquiring an additional 56,147 shares during the last quarter. Finally, Money Concepts Capital Corp increased its stake in Invesco S&P MidCap Momentum ETF by 1.0% during the third quarter. Money Concepts Capital Corp now owns 470,063 shares of the company’s stock worth $63,567,000 after acquiring an additional 4,774 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Price Performance

NYSEARCA:XMMO opened at $144.96 on Friday. The firm has a market capitalization of $5.40 billion, a price-to-earnings 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 $148.37. The business has a 50 day simple moving average of $141.46 and a 200-day simple moving average of $136.54.

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.