Fortis Capital Advisors LLC Cuts Stock Holdings in Invesco S&P MidCap Momentum ETF $XMMO

Fortis Capital Advisors LLC lowered its position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 83.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,574 shares of the company’s stock after selling 17,894 shares during the period. Fortis Capital Advisors LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $460,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. D.A. Davidson & CO. grew its stake in shares of Invesco S&P MidCap Momentum ETF by 5.7% during the first quarter. D.A. Davidson & CO. now owns 1,867 shares of the company’s stock worth $212,000 after purchasing an additional 100 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Invesco S&P MidCap Momentum ETF by 222.3% during the first quarter. Farther Finance Advisors LLC now owns 2,198 shares of the company’s stock worth $253,000 after purchasing an additional 1,516 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of Invesco S&P MidCap Momentum ETF by 14.9% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,238 shares of the company’s stock worth $596,000 after purchasing an additional 679 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Invesco S&P MidCap Momentum ETF by 22.6% during the first quarter. Royal Bank of Canada now owns 210,527 shares of the company’s stock worth $23,949,000 after purchasing an additional 38,871 shares in the last quarter. Finally, Blair William & Co. IL grew its stake in shares of Invesco S&P MidCap Momentum ETF by 3.2% during the first quarter. Blair William & Co. IL now owns 2,946 shares of the company’s stock worth $335,000 after purchasing an additional 91 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Trading Down 0.3%

Shares of XMMO stock opened at $135.39 on Friday. The firm has a fifty day moving average price of $132.42 and a 200 day moving average price of $124.97. The company has a market cap of $4.63 billion, a P/E ratio of 22.06 and a beta of 1.01. Invesco S&P MidCap Momentum ETF has a 12 month low of $97.50 and a 12 month high of $137.14.

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.