Advisor Resource Council Invests $368,000 in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Advisor Resource Council bought a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the third quarter, HoldingsChannel reports. The fund bought 3,062 shares of the company’s stock, valued at approximately $368,000.

Several other hedge funds have also modified their holdings of XMMO. Oppenheimer & Co. Inc. grew its position in Invesco S&P MidCap Momentum ETF by 74.5% in the first quarter. Oppenheimer & Co. Inc. now owns 6,966 shares of the company’s stock valued at $800,000 after acquiring an additional 2,973 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 39.2% in the first quarter. Janney Montgomery Scott LLC now owns 7,416 shares of the company’s stock valued at $852,000 after purchasing an additional 2,089 shares during the period. Creative Planning grew its holdings in Invesco S&P MidCap Momentum ETF by 7.4% during the 2nd quarter. Creative Planning now owns 8,077 shares of the company’s stock valued at $921,000 after purchasing an additional 559 shares in the last quarter. First Command Advisory Services Inc. increased its stake in Invesco S&P MidCap Momentum ETF by 139.8% during the 2nd quarter. First Command Advisory Services Inc. now owns 506 shares of the company’s stock worth $58,000 after buying an additional 295 shares during the period. Finally, Fifth Third Securities Inc. lifted its holdings in Invesco S&P MidCap Momentum ETF by 36.9% in the 2nd quarter. Fifth Third Securities Inc. now owns 47,875 shares of the company’s stock worth $5,457,000 after buying an additional 12,915 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Price Performance

Shares of Invesco S&P MidCap Momentum ETF stock opened at $129.77 on Friday. Invesco S&P MidCap Momentum ETF has a 1-year low of $78.74 and a 1-year high of $130.36. The company has a market capitalization of $2.54 billion, a PE ratio of 19.24 and a beta of 1.12. The business has a 50-day moving average of $119.85 and a 200-day moving average of $116.31.

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.