Mainstay Capital Management LLC ADV purchased a new position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 286,523 shares of the company’s stock, valued at approximately $35,394,000. Invesco S&P MidCap Momentum ETF accounts for about 5.4% of Mainstay Capital Management LLC ADV’s portfolio, making the stock its 7th largest position.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Howe & Rusling Inc. bought a new position in shares of Invesco S&P MidCap Momentum ETF in the 3rd quarter worth $30,000. Richardson Financial Services Inc. acquired a new stake in Invesco S&P MidCap Momentum ETF during the 4th quarter worth $70,000. Investors Research Corp raised its stake in Invesco S&P MidCap Momentum ETF by 127.2% during the 3rd quarter. Investors Research Corp now owns 718 shares of the company’s stock worth $86,000 after buying an additional 402 shares during the period. Realta Investment Advisors acquired a new stake in Invesco S&P MidCap Momentum ETF during the 4th quarter worth $138,000. Finally, Lodestone Wealth Management LLC acquired a new stake in Invesco S&P MidCap Momentum ETF during the 4th quarter worth $211,000.
Invesco S&P MidCap Momentum ETF Trading Down 3.6 %
Shares of Invesco S&P MidCap Momentum ETF stock opened at $120.98 on Monday. The company has a market capitalization of $2.37 billion, a PE ratio of 19.24 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a 12 month low of $103.26 and a 12 month high of $137.14. The stock’s fifty day simple moving average is $127.56 and its 200 day simple moving average is $124.51.
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.
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