Financial Advocates Investment Management Lowers Stock Holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Financial Advocates Investment Management lessened its position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 9.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,334 shares of the company’s stock after selling 6,290 shares during the quarter. Financial Advocates Investment Management’s holdings in Invesco S&P MidCap Momentum ETF were worth $7,577,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of XMMO. Sanctuary Advisors LLC acquired a new position in Invesco S&P MidCap Momentum ETF in the 3rd quarter valued at about $318,000. JPMorgan Chase & Co. grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 4,307.7% in the third quarter. JPMorgan Chase & Co. now owns 59,680 shares of the company’s stock valued at $7,181,000 after purchasing an additional 58,326 shares in the last quarter. Mutual Advisors LLC grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 17.5% in the fourth quarter. Mutual Advisors LLC now owns 2,598 shares of the company’s stock valued at $335,000 after purchasing an additional 386 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Invesco S&P MidCap Momentum ETF by 5.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 13,008 shares of the company’s stock worth $1,565,000 after buying an additional 673 shares during the period. Finally, Creative Planning lifted its holdings in Invesco S&P MidCap Momentum ETF by 7.4% during the 2nd quarter. Creative Planning now owns 8,077 shares of the company’s stock worth $921,000 after buying an additional 559 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Stock Up 1.0 %

NYSEARCA:XMMO opened at $131.19 on Thursday. Invesco S&P MidCap Momentum ETF has a 52 week low of $96.59 and a 52 week high of $137.14. The company has a fifty day simple moving average of $128.87 and a two-hundred day simple moving average of $123.42. The company has a market cap of $2.57 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.