Patriot Financial Group Insurance Agency LLC Takes $691,000 Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Patriot Financial Group Insurance Agency LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,597 shares of the company’s stock, valued at approximately $691,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Newbridge Financial Services Group Inc. bought a new position in shares of Invesco S&P MidCap Momentum ETF in the second quarter worth $26,000. Howe & Rusling Inc. purchased a new position in Invesco S&P MidCap Momentum ETF during the third quarter worth about $30,000. NBC Securities Inc. increased its stake in Invesco S&P MidCap Momentum ETF by 83.7% in the 3rd quarter. NBC Securities Inc. now owns 461 shares of the company’s stock worth $55,000 after acquiring an additional 210 shares during the last quarter. Investors Research Corp raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 127.2% in the 3rd quarter. Investors Research Corp now owns 718 shares of the company’s stock valued at $86,000 after acquiring an additional 402 shares in the last quarter. Finally, Lion Street Advisors LLC bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the 3rd quarter valued at about $200,000.

Invesco S&P MidCap Momentum ETF Trading Up 0.6 %

XMMO stock opened at $129.72 on Wednesday. The company’s 50 day moving average is $129.27 and its 200 day moving average is $122.81. The stock 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 $92.76 and a 1-year high of $137.14.

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.