Synergy Asset Management LLC Takes Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Synergy Asset Management LLC purchased a new position in shares of 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 Securities & Exchange Commission. The firm purchased 40,821 shares of the company’s stock, valued at approximately $4,689,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 45.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 388,880 shares of the company’s stock worth $34,925,000 after acquiring an additional 122,233 shares during the period. International Assets Investment Management LLC purchased a new stake in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at approximately $32,634,000. Stifel Financial Corp boosted its holdings in Invesco S&P MidCap Momentum ETF by 17.4% in the 4th quarter. Stifel Financial Corp now owns 201,919 shares of the company’s stock valued at $18,138,000 after purchasing an additional 29,870 shares in the last quarter. Foundations Investment Advisors LLC increased its position in Invesco S&P MidCap Momentum ETF by 422.0% during the 4th quarter. Foundations Investment Advisors LLC now owns 141,792 shares of the company’s stock worth $13,567,000 after purchasing an additional 114,627 shares during the period. Finally, Focus Financial Network Inc. ADV purchased a new position in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter worth approximately $11,584,000.

Invesco S&P MidCap Momentum ETF Stock Up 0.1 %

Shares of Invesco S&P MidCap Momentum ETF stock traded up $0.15 during trading on Tuesday, reaching $112.79. The company’s stock had a trading volume of 76,233 shares, compared to its average volume of 285,230. The business has a 50 day moving average price of $113.47 and a 200-day moving average price of $105.62. Invesco S&P MidCap Momentum ETF has a 12-month low of $74.39 and a 12-month high of $117.57. The company has a market capitalization of $2.21 billion, a P/E ratio of 19.24 and a beta of 1.12.

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.