Steelhead Wealth Management LLC Takes Position in Invesco S&P MidCap Momentum ETF $XMMO

Steelhead Wealth Management LLC purchased a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,369 shares of the company’s stock, valued at approximately $923,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XMMO. Optima Capital LLC purchased a new position in Invesco S&P MidCap Momentum ETF during the fourth quarter valued at $26,000. Realta Investment Advisors acquired a new stake in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter valued at about $28,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $28,000. AlphaCore Capital LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $34,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $36,000.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of Invesco S&P MidCap Momentum ETF stock opened at $154.29 on Monday. Invesco S&P MidCap Momentum ETF has a twelve month low of $126.64 and a twelve month high of $173.94. The firm has a market capitalization of $7.14 billion, a PE ratio of 22.06 and a beta of 1.08. The firm’s 50-day moving average price is $164.54 and its 200 day moving average price is $155.41.

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.