Independent Wealth Network Inc. boosted its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) by 52.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 17,597 shares of the company’s stock after acquiring an additional 6,060 shares during the period. Invesco S&P MidCap Momentum ETF comprises about 0.8% of Independent Wealth Network Inc.’s holdings, making the stock its 28th biggest holding. Independent Wealth Network Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $2,552,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Optima Capital LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $26,000. Realta Investment Advisors acquired a new position in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter worth about $28,000. Wilmington Savings Fund Society FSB purchased a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $28,000. AlphaCore Capital LLC purchased a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $34,000. Finally, Park Square Financial Group LLC purchased a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $36,000.
Invesco S&P MidCap Momentum ETF Trading Up 1.3%
NYSEARCA:XMMO opened at $171.12 on Friday. Invesco S&P MidCap Momentum ETF has a 12 month low of $126.28 and a 12 month high of $173.94. The stock has a 50 day moving average of $165.09 and a two-hundred day moving average of $151.69. The firm has a market cap of $7.23 billion, a P/E ratio of 22.06 and a beta of 1.08.
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.
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