Invesco S&P MidCap Momentum ETF $XMMO Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC decreased its position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 55.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,991 shares of the company’s stock after selling 18,647 shares during the period. Belpointe Asset Management LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $1,928,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco S&P MidCap Momentum ETF by 27.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 806,591 shares of the company’s stock valued at $91,758,000 after acquiring an additional 173,649 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Invesco S&P MidCap Momentum ETF by 36.6% in the first quarter. Ameriprise Financial Inc. now owns 691,318 shares of the company’s stock valued at $78,662,000 after purchasing an additional 185,360 shares during the last quarter. Raymond James Financial Inc. grew its stake in Invesco S&P MidCap Momentum ETF by 18.3% during the 1st quarter. Raymond James Financial Inc. now owns 635,822 shares of the company’s stock valued at $72,331,000 after purchasing an additional 98,438 shares in the last quarter. Money Concepts Capital Corp increased its holdings in Invesco S&P MidCap Momentum ETF by 6.0% during the 1st quarter. Money Concepts Capital Corp now owns 462,667 shares of the company’s stock worth $52,633,000 after purchasing an additional 26,095 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Invesco S&P MidCap Momentum ETF by 169.2% during the 1st quarter. Jones Financial Companies Lllp now owns 357,062 shares of the company’s stock worth $40,619,000 after purchasing an additional 224,424 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Stock Up 0.4%

Shares of XMMO opened at $135.95 on Tuesday. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 22.06 and a beta of 1.01. The business’s 50 day moving average is $132.51 and its two-hundred day moving average is $125.18. Invesco S&P MidCap Momentum ETF has a 52-week low of $97.50 and a 52-week 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.