Fermata Advisors LLC Buys Shares of 3,238 Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Fermata Advisors LLC purchased a new position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,238 shares of the company’s stock, valued at approximately $400,000.

Several other hedge funds have also recently made changes to their positions in the stock. LPL Financial LLC boosted its position in Invesco S&P MidCap Momentum ETF by 19.3% in the third quarter. LPL Financial LLC now owns 1,744,946 shares of the company’s stock worth $209,969,000 after purchasing an additional 282,112 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 4,307.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,680 shares of the company’s stock worth $7,181,000 after purchasing an additional 58,326 shares during the period. CWM LLC grew its position in Invesco S&P MidCap Momentum ETF by 116.5% during the third quarter. CWM LLC now owns 103,024 shares of the company’s stock valued at $12,397,000 after buying an additional 55,443 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in Invesco S&P MidCap Momentum ETF by 910.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 53,784 shares of the company’s stock valued at $6,437,000 after buying an additional 48,459 shares during the last quarter. Finally, MML Investors Services LLC raised its position in Invesco S&P MidCap Momentum ETF by 24.3% in the third quarter. MML Investors Services LLC now owns 164,742 shares of the company’s stock worth $19,823,000 after acquiring an additional 32,173 shares during the period.

Invesco S&P MidCap Momentum ETF Price Performance

Shares of XMMO stock opened at $129.69 on Friday. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a 1 year low of $89.01 and a 1 year high of $137.14. The firm has a fifty day moving average price of $129.06 and a 200-day moving average price of $121.82.

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.