Financial Advocates Investment Management increased its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) by 30.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,624 shares of the company’s stock after acquiring an additional 15,696 shares during the quarter. Financial Advocates Investment Management’s holdings in Invesco S&P MidCap Momentum ETF were worth $7,486,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Invesco S&P MidCap Momentum ETF in the second quarter worth approximately $26,000. Glass Jacobson Investment Advisors llc acquired a new position in Invesco S&P MidCap Momentum ETF in the second quarter valued at approximately $26,000. Concourse Financial Group Securities Inc. lifted its stake in Invesco S&P MidCap Momentum ETF by 114.2% in the second quarter. Concourse Financial Group Securities Inc. now owns 242 shares of the company’s stock valued at $28,000 after buying an additional 129 shares during the period. Pineridge Advisors LLC acquired a new position in Invesco S&P MidCap Momentum ETF in the first quarter valued at approximately $34,000. Finally, NBC Securities Inc. lifted its stake in Invesco S&P MidCap Momentum ETF by 83.7% in the third quarter. NBC Securities Inc. now owns 461 shares of the company’s stock valued at $55,000 after buying an additional 210 shares during the period.
Invesco S&P MidCap Momentum ETF Stock Performance
Shares of XMMO opened at $122.54 on Thursday. Invesco S&P MidCap Momentum ETF has a 52-week low of $75.45 and a 52-week high of $125.38. The business’s 50 day moving average price is $119.33 and its two-hundred day moving average price is $115.76. The firm has a market cap of $2.40 billion, a PE ratio of 19.24 and a beta of 1.12.
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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