Institute for Wealth Management LLC. Lowers Stock Position in Invesco S&P MidCap Momentum ETF $XMMO

Institute for Wealth Management LLC. cut its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,922 shares of the company’s stock after selling 434 shares during the period. Invesco S&P MidCap Momentum ETF accounts for approximately 0.7% of Institute for Wealth Management LLC.’s holdings, making the stock its 23rd biggest holding. Institute for Wealth Management LLC.’s holdings in Invesco S&P MidCap Momentum ETF were worth $6,164,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in XMMO. Merit Financial Group LLC grew its stake in shares of Invesco S&P MidCap Momentum ETF by 21.0% during the 1st quarter. Merit Financial Group LLC now owns 74,839 shares of the company’s stock valued at $8,514,000 after buying an additional 13,000 shares during the period. HBW Advisory Services LLC grew its stake in shares of Invesco S&P MidCap Momentum ETF by 14.2% during the 1st quarter. HBW Advisory Services LLC now owns 10,339 shares of the company’s stock valued at $1,176,000 after buying an additional 1,289 shares during the period. Swisher Financial Concepts Inc. purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 1st quarter valued at $589,000. Smith Anglin Financial LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 1st quarter valued at $5,201,000. Finally, Whipplewood Advisors LLC grew its stake in shares of Invesco S&P MidCap Momentum ETF by 980.0% during the 1st quarter. Whipplewood Advisors LLC now owns 36,892 shares of the company’s stock valued at $4,197,000 after buying an additional 33,476 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Up 0.3%

Shares of NYSEARCA XMMO opened at $135.23 on Wednesday. Invesco S&P MidCap Momentum ETF has a 52-week low of $97.50 and a 52-week high of $137.14. The firm has a fifty day moving average of $132.16 and a 200-day moving average of $124.55. The stock has a market capitalization of $4.32 billion, a PE ratio of 22.06 and a beta of 1.01.

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.