MY Wealth Management Inc. Has $404,000 Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

MY Wealth Management Inc. cut its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 5.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,541 shares of the company’s stock after selling 195 shares during the period. Invesco S&P MidCap Momentum ETF comprises 0.5% of MY Wealth Management Inc.’s investment portfolio, making the stock its 20th largest position. MY Wealth Management Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $404,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in XMMO. Concourse Financial Group Securities Inc. boosted its position in Invesco S&P MidCap Momentum ETF by 114.2% during the second quarter. Concourse Financial Group Securities Inc. now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 129 shares during the last quarter. Pineridge Advisors LLC bought a new stake in Invesco S&P MidCap Momentum ETF during the 1st quarter worth approximately $34,000. Voisard Asset Management Group Inc. bought a new position in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter valued at approximately $30,000. Larson Financial Group LLC purchased a new position in Invesco S&P MidCap Momentum ETF during the 2nd quarter worth $53,000. Finally, First Command Advisory Services Inc. grew its position in Invesco S&P MidCap Momentum ETF by 139.8% in the 2nd quarter. First Command Advisory Services Inc. now owns 506 shares of the company’s stock worth $58,000 after purchasing an additional 295 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of NYSEARCA:XMMO opened at $113.16 on Thursday. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $74.39 and a fifty-two week high of $121.49. The company’s 50-day moving average is $115.35 and its 200 day moving average is $113.51. The company has a market capitalization of $2.21 billion, a P/E 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.