Titleist Asset Management LLC Has $987,000 Stock Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Titleist Asset Management LLC lessened its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,990 shares of the company’s stock after selling 138 shares during the quarter. Titleist Asset Management LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $987,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in Invesco S&P MidCap Momentum ETF by 765.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,718,606 shares of the company’s stock worth $459,359,000 after buying an additional 3,288,932 shares during the last quarter. LPL Financial LLC boosted its position in Invesco S&P MidCap Momentum ETF by 53.6% during the fourth quarter. LPL Financial LLC now owns 2,679,516 shares of the company’s stock worth $331,001,000 after purchasing an additional 934,570 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter valued at $66,383,000. Orion Portfolio Solutions LLC lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 14,523.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 491,189 shares of the company’s stock worth $60,677,000 after buying an additional 487,830 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter worth about $35,394,000.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of XMMO opened at $103.22 on Monday. 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 52 week low of $99.16 and a 52 week high of $137.14. The firm’s 50-day simple moving average is $120.95 and its 200 day simple moving average is $124.55.

Invesco S&P MidCap Momentum ETF Increases Dividend

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

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.