Merit Financial Group LLC Reduces Holdings in Invesco S&P MidCap Momentum ETF $XMMO

Merit Financial Group LLC reduced its position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 14.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,139 shares of the company’s stock after selling 4,291 shares during the period. Merit Financial Group LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $3,481,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Optima Capital LLC purchased a new stake in Invesco S&P MidCap Momentum ETF in the 4th quarter worth approximately $26,000. Realta Investment Advisors purchased a new stake in Invesco S&P MidCap Momentum ETF in the 4th quarter worth approximately $28,000. GoalVest Advisory LLC purchased a new stake in Invesco S&P MidCap Momentum ETF in the 3rd quarter worth approximately $29,000. Eagle Bay Advisors LLC purchased a new stake in Invesco S&P MidCap Momentum ETF in the 4th quarter worth approximately $39,000. Finally, Greykasell Wealth Strategies Inc. purchased a new stake in Invesco S&P MidCap Momentum ETF in the 3rd quarter worth approximately $43,000.

Invesco S&P MidCap Momentum ETF Stock Performance

XMMO stock opened at $158.73 on Monday. The stock has a market capitalization of $6.52 billion, a P/E ratio of 22.06 and a beta of 1.08. Invesco S&P MidCap Momentum ETF has a one year low of $105.40 and a one year high of $159.61. The company has a 50 day moving average price of $148.11 and a two-hundred day moving average price of $141.79.

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.