US Bancorp DE Acquires 896 Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

US Bancorp DE lifted its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 81.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,002 shares of the company’s stock after purchasing an additional 896 shares during the quarter. US Bancorp DE’s holdings in Invesco S&P MidCap Momentum ETF were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in XMMO. Newbridge Financial Services Group Inc. purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the second quarter valued at $26,000. Glass Jacobson Investment Advisors llc bought a new stake in Invesco S&P MidCap Momentum ETF during the second quarter valued at about $26,000. Concourse Financial Group Securities Inc. lifted its position in shares of 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 acquiring an additional 129 shares in the last quarter. Pineridge Advisors LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF in the first quarter worth about $34,000. Finally, NBC Securities Inc. boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 83.7% in the third quarter. NBC Securities Inc. now owns 461 shares of the company’s stock worth $55,000 after acquiring an additional 210 shares during the period.

Invesco S&P MidCap Momentum ETF Trading Down 0.7 %

Shares of XMMO opened at $129.94 on Thursday. The business’s 50 day moving average is $120.96 and its 200 day moving average is $116.96. Invesco S&P MidCap Momentum ETF has a 12-month low of $81.53 and a 12-month high of $132.39. The company has a market capitalization of $2.54 billion, a PE ratio of 19.24 and a beta of 1.12.

About Invesco S&P MidCap Momentum ETF

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.