NewEdge Advisors LLC boosted its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) by 36.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,308 shares of the company’s stock after buying an additional 16,281 shares during the period. NewEdge Advisors LLC owned approximately 0.15% of Invesco S&P MidCap Momentum ETF worth $8,891,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC boosted its position in shares of Invesco S&P MidCap Momentum ETF by 11.4% in the 4th quarter. LPL Financial LLC now owns 3,472,670 shares of the company’s stock worth $480,826,000 after purchasing an additional 355,614 shares during the last quarter. Cetera Investment Advisers increased its holdings in Invesco S&P MidCap Momentum ETF by 9.2% in the first quarter. Cetera Investment Advisers now owns 1,367,490 shares of the company’s stock valued at $198,313,000 after purchasing an additional 115,655 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Invesco S&P MidCap Momentum ETF by 13.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,058,740 shares of the company’s stock valued at $146,593,000 after buying an additional 125,898 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco S&P MidCap Momentum ETF by 9.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 927,629 shares of the company’s stock valued at $128,440,000 after buying an additional 76,532 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in Invesco S&P MidCap Momentum ETF by 14.2% in the fourth quarter. Raymond James Financial Inc. now owns 837,045 shares of the company’s stock valued at $115,897,000 after buying an additional 103,839 shares during the period.
Invesco S&P MidCap Momentum ETF Trading Up 2.9%
Shares of XMMO opened at $153.95 on Friday. The stock has a market cap of $7.12 billion, a P/E ratio of 22.06 and a beta of 1.08. Invesco S&P MidCap Momentum ETF has a 1 year low of $126.64 and a 1 year high of $173.94. The stock’s 50-day moving average price is $164.75 and its two-hundred day moving average price is $155.33.
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.
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