Waverly Advisors LLC Acquires New Position in Invesco S&P MidCap Momentum ETF $XMMO

Waverly Advisors LLC acquired a new stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,577 shares of the company’s stock, valued at approximately $5,032,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capstone Wealth Management Group LLC increased its stake in shares of Invesco S&P MidCap Momentum ETF by 148.4% in 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 in the last quarter. AQR Capital Management LLC lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 17.4% during the 1st quarter. AQR Capital Management LLC now owns 12,835 shares of the company’s stock valued at $1,460,000 after buying an additional 1,905 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 2nd quarter valued at approximately $3,587,000. Raymond James Financial Inc. boosted its holdings in 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 worth $85,895,000 after buying an additional 31,948 shares during the period. Finally, Jupiter Wealth Management LLC bought a new position in Invesco S&P MidCap Momentum ETF in the 2nd quarter worth approximately $2,120,000.

Invesco S&P MidCap Momentum ETF Trading Down 1.9%

Invesco S&P MidCap Momentum ETF stock opened at $150.83 on Friday. The firm has a 50 day simple moving average of $158.17 and a 200 day simple moving average of $158.19. Invesco S&P MidCap Momentum ETF has a 1-year low of $129.31 and a 1-year high of $173.94. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 22.06 and a beta of 1.09.

About Invesco S&P MidCap Momentum ETF

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.