Comerica Bank Increases Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Comerica Bank increased its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 125.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,517 shares of the company’s stock after acquiring an additional 3,632 shares during the period. Comerica Bank’s holdings in Invesco S&P MidCap Momentum ETF were worth $805,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. acquired a new position in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter valued at approximately $47,000. Synergy Investment Management LLC purchased a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at $49,000. Glass Jacobson Investment Advisors llc increased its stake in Invesco S&P MidCap Momentum ETF by 62.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 415 shares of the company’s stock valued at $51,000 after buying an additional 160 shares during the period. Transcendent Capital Group LLC increased its stake in Invesco S&P MidCap Momentum ETF by 2,689.5% in the 4th quarter. Transcendent Capital Group LLC now owns 530 shares of the company’s stock valued at $65,000 after buying an additional 511 shares during the period. Finally, Richardson Financial Services Inc. purchased a new position in Invesco S&P MidCap Momentum ETF during the 4th quarter worth $70,000.

Invesco S&P MidCap Momentum ETF Stock Performance

XMMO stock opened at $124.20 on Wednesday. The stock has a market capitalization of $3.70 billion, a PE ratio of 20.45 and a beta of 1.06. The company has a fifty day moving average of $113.45 and a 200-day moving average of $122.79. Invesco S&P MidCap Momentum ETF has a one year low of $97.50 and a one year high of $137.14.

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.