Grandview Asset Management LLC Buys New Stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Grandview Asset Management LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the first quarter, HoldingsChannel reports. The institutional investor purchased 8,308 shares of the company’s stock, valued at approximately $945,000.

Other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of Invesco S&P MidCap Momentum ETF by 765.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,718,606 shares of the company’s stock worth $459,359,000 after purchasing an additional 3,288,932 shares in the last quarter. LPL Financial LLC grew its stake in Invesco S&P MidCap Momentum ETF by 53.6% during the fourth quarter. LPL Financial LLC now owns 2,679,516 shares of the company’s stock worth $331,001,000 after buying an additional 934,570 shares during the last quarter. Clark Capital Management Group Inc. acquired a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth approximately $131,274,000. Wells Fargo & Company MN raised its stake in shares of Invesco S&P MidCap Momentum ETF by 30.3% in the fourth quarter. Wells Fargo & Company MN now owns 836,946 shares of the company’s stock valued at $103,388,000 after acquiring an additional 194,792 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 432.6% in the 4th quarter. Cetera Investment Advisers now owns 616,435 shares of the company’s stock worth $76,148,000 after acquiring an additional 500,684 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Price Performance

NYSEARCA XMMO opened at $124.51 on Wednesday. The stock’s 50 day simple moving average is $119.56 and its 200 day simple moving average is $122.05. Invesco S&P MidCap Momentum ETF has a one year low of $97.50 and a one year high of $137.14. The firm has a market cap of $3.78 billion, a PE ratio of 20.45 and a beta of 1.05.

Invesco S&P MidCap Momentum ETF 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.