NewEdge Advisors LLC grew its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) by 11.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 42,176 shares of the company’s stock after acquiring an additional 4,396 shares during the quarter. NewEdge Advisors LLC owned about 0.22% of Invesco S&P MidCap Momentum ETF worth $4,808,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in XMMO. LPL Financial LLC increased its stake in Invesco S&P MidCap Momentum ETF by 1.6% in the second quarter. LPL Financial LLC now owns 1,462,834 shares of the company’s stock valued at $166,748,000 after purchasing an additional 23,229 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Invesco S&P MidCap Momentum ETF by 2.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 321,240 shares of the company’s stock worth $36,619,000 after buying an additional 7,717 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Invesco S&P MidCap Momentum ETF by 12.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 294,088 shares of the company’s stock worth $33,523,000 after buying an additional 32,271 shares during the period. Foundations Investment Advisors LLC lifted its stake in Invesco S&P MidCap Momentum ETF by 34.7% in the second quarter. Foundations Investment Advisors LLC now owns 215,906 shares of the company’s stock valued at $24,611,000 after buying an additional 55,650 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 25.7% in the first quarter. Osaic Holdings Inc. now owns 199,563 shares of the company’s stock valued at $22,931,000 after acquiring an additional 40,798 shares during the period.
Invesco S&P MidCap Momentum ETF Price Performance
Shares of Invesco S&P MidCap Momentum ETF stock opened at $119.85 on Wednesday. The firm’s fifty day simple moving average is $116.30 and its 200-day simple moving average is $114.46. Invesco S&P MidCap Momentum ETF has a 12 month low of $74.39 and a 12 month high of $121.49. The stock 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.
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