Sound Income Strategies LLC Has $2.87 Million Position in Invesco S&P MidCap Momentum ETF $XMMO

Sound Income Strategies LLC increased its position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 182.5% in the second quarter, Holdings Channel reports. The institutional investor owned 22,304 shares of the company’s stock after buying an additional 14,410 shares during the period. Sound Income Strategies LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $2,869,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. TBH Global Asset Management LLC grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 196.4% during the second quarter. TBH Global Asset Management LLC now owns 6,603 shares of the company’s stock worth $849,000 after buying an additional 4,375 shares in the last quarter. Independent Wealth Network Inc. grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 6.8% during the second quarter. Independent Wealth Network Inc. now owns 8,644 shares of the company’s stock worth $1,112,000 after buying an additional 549 shares in the last quarter. Swisher Financial Concepts Inc. grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 15.7% during the second quarter. Swisher Financial Concepts Inc. now owns 5,992 shares of the company’s stock worth $771,000 after buying an additional 814 shares in the last quarter. Maridea Wealth Management LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF during the second quarter worth about $627,000. Finally, Main Street Group LTD grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 48.4% during the second quarter. Main Street Group LTD now owns 2,348 shares of the company’s stock worth $302,000 after buying an additional 766 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Stock Performance

NYSEARCA:XMMO opened at $134.62 on Monday. The company has a market cap of $4.30 billion, a PE ratio of 22.06 and a beta of 1.01. Invesco S&P MidCap Momentum ETF has a 52-week low of $97.50 and a 52-week high of $137.14. The stock has a 50-day simple moving average of $131.95 and a 200 day simple moving average of $124.33.

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.