Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) Stock Position Raised by Avior Wealth Management LLC

Avior Wealth Management LLC raised its position in shares of Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) by 49.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 497,839 shares of the company’s stock after purchasing an additional 165,811 shares during the period. Invesco S&P MidCap Value with Momentum ETF accounts for about 1.1% of Avior Wealth Management LLC’s investment portfolio, making the stock its 20th largest position. Avior Wealth Management LLC owned approximately 12.05% of Invesco S&P MidCap Value with Momentum ETF worth $27,595,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Whitaker Myers Wealth Managers LTD. increased its holdings in shares of Invesco S&P MidCap Value with Momentum ETF by 4.9% during the 3rd quarter. Whitaker Myers Wealth Managers LTD. now owns 173,806 shares of the company’s stock valued at $9,634,000 after acquiring an additional 8,182 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of Invesco S&P MidCap Value with Momentum ETF by 2.9% during the 2nd quarter. Ameritas Advisory Services LLC now owns 38,797 shares of the company’s stock valued at $2,004,000 after acquiring an additional 1,081 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Invesco S&P MidCap Value with Momentum ETF by 16.8% during the 2nd quarter. Raymond James & Associates now owns 29,678 shares of the company’s stock valued at $1,533,000 after acquiring an additional 4,265 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Invesco S&P MidCap Value with Momentum ETF during the 2nd quarter valued at about $1,329,000. Finally, Guidance Capital Inc. increased its holdings in shares of Invesco S&P MidCap Value with Momentum ETF by 16.0% during the 3rd quarter. Guidance Capital Inc. now owns 24,585 shares of the company’s stock valued at $1,410,000 after acquiring an additional 3,388 shares during the last quarter.

Invesco S&P MidCap Value with Momentum ETF Stock Performance

Shares of NYSEARCA XMVM opened at $59.04 on Tuesday. The firm has a market cap of $243.82 million, a price-to-earnings ratio of 7.82 and a beta of 1.04. The business’s 50-day simple moving average is $56.13 and its 200-day simple moving average is $54.19. Invesco S&P MidCap Value with Momentum ETF has a 52 week low of $45.75 and a 52 week high of $60.93.

Invesco S&P MidCap Value with Momentum ETF Profile

The Invesco S&P MidCap Value with Momentum ETF (XMVM) is an exchange-traded fund that is based on the S&P Midcap 400 High Momentum Value index. The fund tracks a value-weighted index of S&P 400 MidCap stocks selected by value and momentum. XMVM was launched on Mar 3, 2005 and is managed by Invesco.