Invesco S&P MidCap Momentum ETF $XMMO Shares Purchased by Kovack Advisors Inc.

Kovack Advisors Inc. raised its holdings in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 100.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,456 shares of the company’s stock after buying an additional 29,275 shares during the period. Invesco S&P MidCap Momentum ETF comprises 0.7% of Kovack Advisors Inc.’s investment portfolio, making the stock its 25th largest position. Kovack Advisors Inc. owned 0.17% of Invesco S&P MidCap Momentum ETF worth $7,905,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. American Trust acquired a new stake in Invesco S&P MidCap Momentum ETF during the 2nd quarter valued at $1,062,000. B. Riley Wealth Advisors Inc. purchased a new position in Invesco S&P MidCap Momentum ETF in the 2nd quarter valued at about $5,357,000. AE Wealth Management LLC boosted its position in Invesco S&P MidCap Momentum ETF by 8.6% in the 2nd 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 last quarter. Fifth Third Securities Inc. grew its stake in shares of Invesco S&P MidCap Momentum ETF by 12.3% during the third quarter. Fifth Third Securities Inc. now owns 91,761 shares of the company’s stock valued at $12,409,000 after acquiring an additional 10,049 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Invesco S&P MidCap Momentum ETF by 205.9% during the third quarter. Farther Finance Advisors LLC now owns 15,478 shares of the company’s stock worth $2,093,000 after acquiring an additional 10,419 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Stock Performance

NYSEARCA:XMMO opened at $148.13 on Friday. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 22.06 and a beta of 1.05. Invesco S&P MidCap Momentum ETF has a one year low of $97.50 and a one year high of $148.79. The business’s 50-day simple moving average is $142.20 and its 200 day simple moving average is $137.10.

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.