Envestnet Asset Management Inc. Lowers Stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Envestnet Asset Management Inc. lowered its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 94.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 224,001 shares of the company’s stock after selling 3,494,605 shares during the period. Envestnet Asset Management Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $25,482,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. D.A. Davidson & CO. boosted its position in shares of Invesco S&P MidCap Momentum ETF by 5.7% during the 1st quarter. D.A. Davidson & CO. now owns 1,867 shares of the company’s stock worth $212,000 after purchasing an additional 100 shares during the period. Deutsche Bank AG boosted its position in Invesco S&P MidCap Momentum ETF by 45.0% in the 4th quarter. Deutsche Bank AG now owns 3,275 shares of the company’s stock valued at $405,000 after buying an additional 1,017 shares during the period. Farther Finance Advisors LLC boosted its position in Invesco S&P MidCap Momentum ETF by 222.3% in the 1st quarter. Farther Finance Advisors LLC now owns 2,198 shares of the company’s stock valued at $253,000 after buying an additional 1,516 shares during the period. Dynamic Advisor Solutions LLC boosted its position in Invesco S&P MidCap Momentum ETF by 14.9% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,238 shares of the company’s stock valued at $596,000 after buying an additional 679 shares during the period. Finally, Jane Street Group LLC purchased a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at approximately $832,000.

Invesco S&P MidCap Momentum ETF Trading Down 1.5%

Invesco S&P MidCap Momentum ETF stock opened at $128.60 on Wednesday. The stock has a market cap of $3.96 billion, a P/E ratio of 22.06 and a beta of 1.01. The company has a fifty day simple moving average of $125.80 and a 200-day simple moving average of $121.88. Invesco S&P MidCap Momentum ETF has a 12-month low of $97.50 and a 12-month high of $137.14.

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.