Independent Advisor Alliance Acquires New Shares in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Independent Advisor Alliance acquired a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,551 shares of the company’s stock, valued at approximately $3,280,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in XMMO. US Bancorp DE increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 81.0% in the third quarter. US Bancorp DE now owns 2,002 shares of the company’s stock worth $241,000 after acquiring an additional 896 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 5.5% in the third quarter. Janney Montgomery Scott LLC now owns 13,008 shares of the company’s stock worth $1,565,000 after acquiring an additional 673 shares in the last quarter. Atria Investments Inc increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 0.9% in the third quarter. Atria Investments Inc now owns 13,115 shares of the company’s stock worth $1,578,000 after acquiring an additional 122 shares in the last quarter. Sigma Planning Corp increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 21.6% in the third quarter. Sigma Planning Corp now owns 10,744 shares of the company’s stock worth $1,293,000 after acquiring an additional 1,910 shares in the last quarter. Finally, Harbour Investments Inc. increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 150.0% in the third quarter. Harbour Investments Inc. now owns 2,030 shares of the company’s stock worth $244,000 after acquiring an additional 1,218 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Price Performance

Shares of Invesco S&P MidCap Momentum ETF stock opened at $113.10 on Thursday. Invesco S&P MidCap Momentum ETF has a 1 year low of $105.77 and a 1 year high of $137.14. The business has a 50-day moving average of $125.58 and a two-hundred day moving average of $124.65. The company has a market capitalization of $3.53 billion, a P/E ratio of 19.06 and a beta of 1.03.

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.