Meridian Wealth Management LLC Makes New $2.25 Million Investment in Invesco S&P MidCap Momentum ETF $XMMO

Meridian Wealth Management LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the third quarter, Holdings Channel reports. The fund bought 16,648 shares of the company’s stock, valued at approximately $2,251,000.

Other hedge funds have also modified their holdings of the company. Vantagepoint Investment Advisers LLC acquired a new stake in Invesco S&P MidCap Momentum ETF during the 3rd quarter worth about $161,994,000. Raymond James Financial Inc. increased its position in shares of Invesco S&P MidCap Momentum ETF by 5.0% in the second quarter. Raymond James Financial Inc. now owns 667,770 shares of the company’s stock worth $85,895,000 after acquiring an additional 31,948 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 7.6% during the second quarter. Bank of America Corp DE now owns 597,656 shares of the company’s stock valued at $76,877,000 after acquiring an additional 42,015 shares during the period. Mainstay Capital Management LLC ADV lifted its position in shares of Invesco S&P MidCap Momentum ETF by 102.3% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 558,008 shares of the company’s stock valued at $71,777,000 after acquiring an additional 282,194 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Invesco S&P MidCap Momentum ETF by 11.4% in the 2nd quarter. Cetera Investment Advisers now owns 546,873 shares of the company’s stock worth $70,344,000 after purchasing an additional 56,147 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Performance

NYSEARCA XMMO opened at $140.28 on Monday. The firm’s 50 day moving average price is $140.24 and its two-hundred day moving average price is $135.77. Invesco S&P MidCap Momentum ETF has a twelve month low of $97.50 and a twelve month high of $144.88. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 22.06 and a beta of 1.05.

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.