IFP Advisors Inc lowered its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) by 93.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,674 shares of the company’s stock after selling 24,842 shares during the period. IFP Advisors Inc’s holdings in Invesco S&P MidCap Momentum ETF were worth $207,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mainstay Capital Management LLC ADV acquired a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $35,394,000. Colonial River Investments LLC acquired a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $1,925,000. World Equity Group Inc. grew its stake in Invesco S&P MidCap Momentum ETF by 110.2% in the 4th quarter. World Equity Group Inc. now owns 9,445 shares of the company’s stock valued at $1,168,000 after buying an additional 4,952 shares during the last quarter. Wealthspire Advisors LLC acquired a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $381,000. Finally, Marshall Investment Management LLC acquired a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $5,427,000.
Invesco S&P MidCap Momentum ETF Stock Performance
Shares of XMMO opened at $118.95 on Tuesday. Invesco S&P MidCap Momentum ETF has a 52 week low of $105.77 and a 52 week high of $137.14. The firm has a market cap of $3.71 billion, a P/E ratio of 19.06 and a beta of 1.03. The firm’s 50-day simple moving average is $126.94 and its 200 day simple moving average is $124.82.
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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