Northwestern Mutual Wealth Management Co. Buys 7,717 Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 321,240 shares of the company’s stock after acquiring an additional 7,717 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 1.64% of Invesco S&P MidCap Momentum ETF worth $36,619,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Glass Jacobson Investment Advisors llc bought a new stake in Invesco S&P MidCap Momentum ETF in the 2nd quarter worth about $26,000. Concourse Financial Group Securities Inc. increased its holdings in Invesco S&P MidCap Momentum ETF by 114.2% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 242 shares of the company’s stock worth $28,000 after buying an additional 129 shares in the last quarter. Pineridge Advisors LLC bought a new stake in Invesco S&P MidCap Momentum ETF in the 1st quarter worth about $34,000. Voisard Asset Management Group Inc. bought a new stake in Invesco S&P MidCap Momentum ETF in the 4th quarter worth about $30,000. Finally, Larson Financial Group LLC bought a new stake in Invesco S&P MidCap Momentum ETF in the 2nd quarter worth about $53,000.

Invesco S&P MidCap Momentum ETF Stock Performance

NYSEARCA XMMO opened at $120.33 on Tuesday. 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 $116.26 and a 200 day moving average of $114.40. The company has a market capitalization of $2.35 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.