New Century Financial Group LLC Makes New Investment in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

New Century Financial Group LLC acquired a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,412 shares of the company’s stock, valued at approximately $1,060,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new position in Invesco S&P MidCap Momentum ETF during the 2nd quarter valued at about $26,000. Howe & Rusling Inc. bought a new stake in shares of Invesco S&P MidCap Momentum ETF in the 3rd quarter worth approximately $30,000. NBC Securities Inc. increased its stake in shares of Invesco S&P MidCap Momentum ETF by 83.7% during 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. Investors Research Corp raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 127.2% during the third quarter. Investors Research Corp now owns 718 shares of the company’s stock valued at $86,000 after acquiring an additional 402 shares in the last quarter. Finally, Lion Street Advisors LLC purchased a new stake in Invesco S&P MidCap Momentum ETF in the third quarter worth $200,000.

Invesco S&P MidCap Momentum ETF Stock Down 0.3 %

NYSEARCA:XMMO opened at $132.59 on Friday. The firm’s fifty day simple moving average is $129.09 and its 200 day simple moving average is $122.38. The stock has a market cap of $2.59 billion, a P/E ratio of 19.24 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a twelve month low of $92.01 and a twelve month high of $137.14.

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.