Envestnet Asset Management Inc. Has $459.36 Million Stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Envestnet Asset Management Inc. boosted its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 765.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,718,606 shares of the company’s stock after acquiring an additional 3,288,932 shares during the quarter. Envestnet Asset Management Inc. owned 0.19% of Invesco S&P MidCap Momentum ETF worth $459,359,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 53.6% in the 4th quarter. LPL Financial LLC now owns 2,679,516 shares of the company’s stock worth $331,001,000 after acquiring an additional 934,570 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Invesco S&P MidCap Momentum ETF by 30.3% in the fourth quarter. Wells Fargo & Company MN now owns 836,946 shares of the company’s stock worth $103,388,000 after purchasing an additional 194,792 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth $66,383,000. Orion Portfolio Solutions LLC increased its stake in shares of Invesco S&P MidCap Momentum ETF by 14,523.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 491,189 shares of the company’s stock valued at $60,677,000 after buying an additional 487,830 shares in the last quarter. Finally, Money Concepts Capital Corp raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 24.6% in the fourth quarter. Money Concepts Capital Corp now owns 436,572 shares of the company’s stock valued at $53,930,000 after buying an additional 86,162 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Stock Down 6.3 %

Shares of NYSEARCA:XMMO opened at $103.22 on Friday. The firm has a market cap of $3.15 billion, a P/E ratio of 16.68 and a beta of 1.04. Invesco S&P MidCap Momentum ETF has a 12 month low of $101.97 and a 12 month high of $137.14. The company’s 50-day moving average price is $120.95 and its two-hundred day moving average price is $124.51.

Invesco S&P MidCap Momentum ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.3006 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco S&P MidCap Momentum ETF’s previous dividend of $0.05.

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.