Spectrum Wealth Advisory Group LLC Has $2.98 Million Stock Holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Spectrum Wealth Advisory Group LLC raised its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,779 shares of the company’s stock after acquiring an additional 217 shares during the period. Invesco S&P MidCap Momentum ETF makes up about 1.7% of Spectrum Wealth Advisory Group LLC’s portfolio, making the stock its 16th biggest holding. Spectrum Wealth Advisory Group LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $2,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC raised its holdings in Invesco S&P MidCap Momentum ETF by 1.6% in the 2nd quarter. LPL Financial LLC now owns 1,462,834 shares of the company’s stock valued at $166,748,000 after acquiring an additional 23,229 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P MidCap Momentum ETF by 2.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 321,240 shares of the company’s stock valued at $36,619,000 after acquiring an additional 7,717 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Invesco S&P MidCap Momentum ETF by 12.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 294,088 shares of the company’s stock valued at $33,523,000 after acquiring an additional 32,271 shares in the last quarter. Affinity Wealth Management LLC raised its holdings in Invesco S&P MidCap Momentum ETF by 1.5% in the 3rd quarter. Affinity Wealth Management LLC now owns 253,773 shares of the company’s stock valued at $30,537,000 after acquiring an additional 3,810 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its stake in shares of Invesco S&P MidCap Momentum ETF by 34.7% in the 2nd quarter. Foundations Investment Advisors LLC now owns 215,906 shares of the company’s stock valued at $24,611,000 after purchasing an additional 55,650 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of XMMO opened at $127.90 on Monday. Invesco S&P MidCap Momentum ETF has a 52-week low of $81.53 and a 52-week high of $132.39. The business’s fifty day moving average is $121.97 and its 200-day moving average is $117.37. The firm has a market cap of $2.50 billion, a price-to-earnings 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.