Sowell Financial Services LLC Sells 457 Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Sowell Financial Services LLC trimmed its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 3.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,168 shares of the company’s stock after selling 457 shares during the quarter. Sowell Financial Services LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $1,384,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its position in shares of Invesco S&P MidCap Momentum ETF by 765.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,718,606 shares of the company’s stock worth $459,359,000 after acquiring an additional 3,288,932 shares during the last quarter. Clark Capital Management Group Inc. bought a new position in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter valued at about $131,274,000. LPL Financial LLC boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 53.6% during the 4th quarter. LPL Financial LLC now owns 2,679,516 shares of the company’s stock valued at $331,001,000 after purchasing an additional 934,570 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter valued at about $66,383,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 432.6% during the 4th quarter. Cetera Investment Advisers now owns 616,435 shares of the company’s stock valued at $76,148,000 after purchasing an additional 500,684 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Trading Down 0.5%

Shares of Invesco S&P MidCap Momentum ETF stock opened at $124.51 on Wednesday. The stock has a 50 day moving average of $119.56 and a 200 day moving average of $122.05. Invesco S&P MidCap Momentum ETF has a 12 month low of $97.50 and a 12 month 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 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.