Orion Portfolio Solutions LLC Raises Stock Holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Orion Portfolio Solutions LLC raised its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 14,523.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 491,189 shares of the company’s stock after acquiring an additional 487,830 shares during the quarter. Invesco S&P MidCap Momentum ETF makes up 0.6% of Orion Portfolio Solutions LLC’s holdings, making the stock its 23rd largest holding. Orion Portfolio Solutions LLC owned about 2.51% of Invesco S&P MidCap Momentum ETF worth $60,677,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Synergy Investment Management LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter valued at approximately $49,000. Transcendent Capital Group LLC lifted its holdings in shares of Invesco S&P MidCap Momentum ETF by 2,689.5% in the 4th quarter. Transcendent Capital Group LLC now owns 530 shares of the company’s stock worth $65,000 after buying an additional 511 shares during the period. Richardson Financial Services Inc. bought a new position in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter worth $70,000. First Command Advisory Services Inc. increased its stake in shares of Invesco S&P MidCap Momentum ETF by 30.0% during the fourth quarter. First Command Advisory Services Inc. now owns 658 shares of the company’s stock valued at $81,000 after buying an additional 152 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 459.4% in the fourth quarter. Assetmark Inc. now owns 744 shares of the company’s stock valued at $92,000 after acquiring an additional 611 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Price Performance

NYSEARCA:XMMO opened at $115.14 on Friday. The firm has a market cap of $3.50 billion, a PE ratio of 16.76 and a beta of 1.04. The company has a 50-day moving average of $123.30 and a 200 day moving average of $124.56. Invesco S&P MidCap Momentum ETF has a 1-year low of $105.77 and a 1-year high of $137.14.

Invesco S&P MidCap Momentum ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a $0.3006 dividend. The ex-dividend date is Monday, March 24th. This is a boost from Invesco S&P MidCap Momentum ETF’s previous dividend of $0.05.

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.