Sovran Advisors LLC Raises Stake in Invesco S&P MidCap Momentum ETF $XMMO

Sovran Advisors LLC raised its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 55.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,678 shares of the company’s stock after purchasing an additional 6,288 shares during the quarter. Sovran Advisors LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $2,548,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vantagepoint Investment Advisers LLC acquired a new stake in shares of Invesco S&P MidCap Momentum ETF during the third quarter worth about $161,994,000. Advance Capital Management Inc. acquired a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $27,363,000. Northwestern Mutual Wealth Management Co. increased its position in Invesco S&P MidCap Momentum ETF by 20.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 851,097 shares of the company’s stock valued at $115,094,000 after acquiring an additional 143,657 shares during the period. Jones Financial Companies Lllp raised its stake in Invesco S&P MidCap Momentum ETF by 36.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 357,700 shares of the company’s stock valued at $48,153,000 after acquiring an additional 96,163 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Invesco S&P MidCap Momentum ETF by 26.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 372,585 shares of the company’s stock valued at $50,385,000 after acquiring an additional 77,853 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Stock Performance

Invesco S&P MidCap Momentum ETF stock opened at $147.61 on Friday. The stock has a 50 day moving average of $145.65 and a two-hundred day moving average of $140.33. Invesco S&P MidCap Momentum ETF has a twelve month low of $97.50 and a twelve month high of $152.42. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 22.06 and a beta of 1.05.

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.