Financial Advocates Investment Management lessened its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,334 shares of the company’s stock after selling 6,290 shares during the period. Financial Advocates Investment Management owned 0.31% of Invesco S&P MidCap Momentum ETF worth $7,577,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also modified their holdings of the stock. LPL Financial LLC increased its position in Invesco S&P MidCap Momentum ETF by 19.3% during 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. Win Advisors Inc. acquired a new stake in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter worth approximately $12,249,000. Money Concepts Capital Corp raised its position in shares of Invesco S&P MidCap Momentum ETF by 24.6% during the 4th quarter. Money Concepts Capital Corp now owns 436,572 shares of the company’s stock valued at $53,930,000 after buying an additional 86,162 shares during the period. MinichMacGregor Wealth Management LLC acquired a new position in Invesco S&P MidCap Momentum ETF in the fourth quarter valued at approximately $8,974,000. Finally, Merit Financial Group LLC purchased a new position in Invesco S&P MidCap Momentum ETF in the fourth quarter worth approximately $7,639,000.
Invesco S&P MidCap Momentum ETF Stock Up 1.0 %
XMMO stock opened at $131.19 on Thursday. Invesco S&P MidCap Momentum ETF has a 52-week low of $96.59 and a 52-week high of $137.14. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12. The business has a fifty day moving average of $128.87 and a two-hundred day moving average of $123.42.
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.
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