Sowell Financial Services LLC Buys 1,701 Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Sowell Financial Services LLC increased its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 15.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,625 shares of the company’s stock after purchasing an additional 1,701 shares during the quarter. Sowell Financial Services LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $1,560,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 4.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,828 shares of the company’s stock worth $349,000 after purchasing an additional 113 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter worth approximately $445,000. Elevation Capital Advisory LLC raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 6.3% in the 4th quarter. Elevation Capital Advisory LLC now owns 11,086 shares of the company’s stock worth $1,369,000 after purchasing an additional 661 shares during the period. One Capital Management LLC grew its stake in Invesco S&P MidCap Momentum ETF by 62.6% in the 4th quarter. One Capital Management LLC now owns 36,344 shares of the company’s stock valued at $4,490,000 after buying an additional 13,989 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at approximately $66,383,000.

Invesco S&P MidCap Momentum ETF Trading Down 2.9 %

Invesco S&P MidCap Momentum ETF stock opened at $112.48 on Tuesday. Invesco S&P MidCap Momentum ETF has a 1-year low of $105.77 and a 1-year high of $137.14. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 19.06 and a beta of 1.03. The firm has a 50 day simple moving average of $126.00 and a 200 day simple moving average of $124.78.

About Invesco S&P MidCap Momentum ETF

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.