ACT Wealth Management LLC Reduces Stock Holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

ACT Wealth Management LLC trimmed its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 11.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,999 shares of the company’s stock after selling 741 shares during the period. Invesco S&P MidCap Momentum ETF makes up 0.3% of ACT Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding. ACT Wealth Management LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of XMMO. Newbridge Financial Services Group Inc. purchased a new stake in shares of Invesco S&P MidCap Momentum ETF in the 2nd quarter valued at about $26,000. Glass Jacobson Investment Advisors llc purchased a new stake in Invesco S&P MidCap Momentum ETF in the second quarter valued at approximately $26,000. Concourse Financial Group Securities Inc. lifted its stake in Invesco S&P MidCap Momentum ETF by 114.2% in the second quarter. Concourse Financial Group Securities Inc. now owns 242 shares of the company’s stock valued at $28,000 after buying an additional 129 shares during the last quarter. Pineridge Advisors LLC acquired a new stake in shares of Invesco S&P MidCap Momentum ETF in the first quarter valued at approximately $34,000. Finally, Voisard Asset Management Group Inc. purchased a new position in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth approximately $30,000.

Invesco S&P MidCap Momentum ETF Price Performance

Shares of Invesco S&P MidCap Momentum ETF stock opened at $120.80 on Wednesday. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12. The firm’s fifty day simple moving average is $116.63 and its 200-day simple moving average is $114.73. Invesco S&P MidCap Momentum ETF has a 12 month low of $74.39 and a 12 month high of $121.49.

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.