Redhawk Wealth Advisors Inc. decreased its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) by 48.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 6,207 shares of the company’s stock after selling 5,818 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $1,056,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in XMMO. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Invesco S&P MidCap Momentum ETF by 13.3% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,945 shares of the company’s stock worth $331,000 after acquiring an additional 229 shares in the last quarter. Focus Financial Network Inc. raised its position in Invesco S&P MidCap Momentum ETF by 1.2% during the second quarter. Focus Financial Network Inc. now owns 125,386 shares of the company’s stock valued at $21,333,000 after purchasing an additional 1,432 shares in the last quarter. Tactive Advisors LLC raised its position in Invesco S&P MidCap Momentum ETF by 1.9% during the second quarter. Tactive Advisors LLC now owns 8,574 shares of the company’s stock valued at $1,459,000 after purchasing an additional 160 shares in the last quarter. Breakwater Capital Group lifted its stake in Invesco S&P MidCap Momentum ETF by 10.5% during the second quarter. Breakwater Capital Group now owns 29,037 shares of the company’s stock worth $4,940,000 after purchasing an additional 2,753 shares during the last quarter. Finally, Paller Financial Services Inc lifted its stake in Invesco S&P MidCap Momentum ETF by 0.3% during the second quarter. Paller Financial Services Inc now owns 24,545 shares of the company’s stock worth $4,176,000 after purchasing an additional 74 shares during the last quarter.
Invesco S&P MidCap Momentum ETF Trading Up 0.6%
XMMO opened at $162.07 on Wednesday. The stock has a 50-day moving average price of $163.42 and a 200-day moving average price of $156.27. Invesco S&P MidCap Momentum ETF has a 12-month low of $128.83 and a 12-month high of $173.94. The stock has a market capitalization of $7.53 billion, a P/E ratio of 22.06 and a beta of 1.09.
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.
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