Envestnet Portfolio Solutions Inc. Sells 1,414 Shares of Invesco S&P MidCap Momentum ETF $XMMO

Envestnet Portfolio Solutions Inc. trimmed its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 26.1% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,994 shares of the company’s stock after selling 1,414 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $514,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of XMMO. Mainstay Capital Management LLC ADV boosted its position in Invesco S&P MidCap Momentum ETF by 102.3% in the second quarter. Mainstay Capital Management LLC ADV now owns 558,008 shares of the company’s stock worth $71,777,000 after purchasing an additional 282,194 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Invesco S&P MidCap Momentum ETF by 169.2% in the first 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. Ameriprise Financial Inc. boosted its position 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 worth $78,662,000 after purchasing an additional 185,360 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Invesco S&P MidCap Momentum ETF by 27.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 806,591 shares of the company’s stock worth $91,758,000 after purchasing an additional 173,649 shares during the last quarter. Finally, CW Advisors LLC purchased a new position in Invesco S&P MidCap Momentum ETF in the first quarter worth about $12,010,000.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of NYSEARCA:XMMO opened at $135.07 on Wednesday. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 22.06 and a beta of 1.01. The stock’s 50-day simple moving average is $133.60 and its two-hundred day simple moving average is $126.73. Invesco S&P MidCap Momentum ETF has a 52-week low of $97.50 and a 52-week high of $137.57.

About Invesco S&P MidCap Momentum ETF

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.