Envestnet Asset Management Inc. Sells 1,035,209 Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Envestnet Asset Management Inc. cut its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 81.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 241,183 shares of the company’s stock after selling 1,035,209 shares during the quarter. Envestnet Asset Management Inc. owned about 1.23% of Invesco S&P MidCap Momentum ETF worth $27,493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Thoroughbred Financial Services LLC increased its holdings in Invesco S&P MidCap Momentum ETF by 37.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 30,036 shares of the company’s stock worth $3,423,000 after buying an additional 8,112 shares in the last quarter. LPL Financial LLC increased its holdings in Invesco S&P MidCap Momentum ETF by 1.6% in the 2nd quarter. LPL Financial LLC now owns 1,462,834 shares of the company’s stock worth $166,748,000 after buying an additional 23,229 shares in the last quarter. Spectrum Wealth Advisory Group LLC increased its holdings in Invesco S&P MidCap Momentum ETF by 1.3% in the 2nd quarter. Spectrum Wealth Advisory Group LLC now owns 24,562 shares of the company’s stock worth $2,800,000 after buying an additional 304 shares in the last quarter. Anson Capital Inc. increased its holdings in Invesco S&P MidCap Momentum ETF by 6.8% in the 2nd quarter. Anson Capital Inc. now owns 21,295 shares of the company’s stock worth $2,427,000 after buying an additional 1,357 shares in the last quarter. Finally, Vantage Financial Partners LLC bought a new stake in Invesco S&P MidCap Momentum ETF in the 2nd quarter worth about $717,000.

Invesco S&P MidCap Momentum ETF Stock Performance

NYSEARCA XMMO opened at $119.76 on Friday. Invesco S&P MidCap Momentum ETF has a one year low of $74.39 and a one year high of $121.49. The stock has a 50-day moving average of $115.90 and a 200 day moving average of $114.03. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12.

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.