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

Kovack Advisors Inc. increased its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 6.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 62,045 shares of the company’s stock after buying an additional 3,589 shares during the period. Kovack Advisors Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $8,259,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capstone Wealth Management Group LLC raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 148.4% during the first quarter. Capstone Wealth Management Group LLC now owns 28,228 shares of the company’s stock worth $3,211,000 after purchasing an additional 16,865 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Invesco S&P MidCap Momentum ETF by 17.4% in the first quarter. AQR Capital Management LLC now owns 12,835 shares of the company’s stock valued at $1,460,000 after purchasing an additional 1,905 shares during the last quarter. Cerity Partners LLC purchased a new stake in Invesco S&P MidCap Momentum ETF in the second quarter valued at $3,587,000. Raymond James Financial Inc. grew its position in Invesco S&P MidCap Momentum ETF by 5.0% during the 2nd quarter. Raymond James Financial Inc. now owns 667,770 shares of the company’s stock worth $85,895,000 after purchasing an additional 31,948 shares during the period. Finally, Jupiter Wealth Management LLC acquired a new stake in Invesco S&P MidCap Momentum ETF during the 2nd quarter worth about $2,120,000.

Invesco S&P MidCap Momentum ETF Stock Up 4.3%

Shares of XMMO opened at $168.06 on Friday. Invesco S&P MidCap Momentum ETF has a 52 week low of $123.44 and a 52 week high of $172.23. The company has a market capitalization of $7.10 billion, a price-to-earnings ratio of 22.06 and a beta of 1.08. The stock’s 50-day moving average price is $161.27 and its 200-day moving average price is $149.34.

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.