ACT Wealth Management LLC boosted its position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) by 6.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,730 shares of the company’s stock after purchasing an additional 427 shares during the period. Invesco S&P MidCap Momentum ETF makes up about 0.3% of ACT Wealth Management LLC’s portfolio, making the stock its 20th largest holding. ACT Wealth Management LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $604,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. LPL Financial LLC grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 7.7% in the 3rd quarter. LPL Financial LLC now owns 1,213,229 shares of the company’s stock worth $97,677,000 after acquiring an additional 86,438 shares during the last quarter. Morgan Stanley lifted its position in shares of Invesco S&P MidCap Momentum ETF by 28.6% in the 4th quarter. Morgan Stanley now owns 923,663 shares of the company’s stock valued at $69,552,000 after acquiring an additional 205,321 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Invesco S&P MidCap Momentum ETF by 45.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 388,880 shares of the company’s stock valued at $34,925,000 after purchasing an additional 122,233 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Invesco S&P MidCap Momentum ETF in the 2nd quarter valued at about $18,909,000. Finally, Stifel Financial Corp increased its stake in Invesco S&P MidCap Momentum ETF by 2.9% in the 3rd quarter. Stifel Financial Corp now owns 172,049 shares of the company’s stock valued at $13,854,000 after buying an additional 4,911 shares during the period.
Invesco S&P MidCap Momentum ETF Trading Up 0.4 %
XMMO opened at $114.65 on Thursday. Invesco S&P MidCap Momentum ETF has a 1 year low of $72.49 and a 1 year high of $115.18. The stock has a fifty day moving average price of $103.37 and a 200 day moving average price of $90.09. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 10.00 and a beta of 1.01.
Invesco S&P MidCap Momentum ETF Company 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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