Advisory Alpha LLC Increases Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Advisory Alpha LLC lifted its position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 6.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,850 shares of the company’s stock after buying an additional 112 shares during the quarter. Advisory Alpha LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $229,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of XMMO. LPL Financial LLC raised its stake in Invesco S&P MidCap Momentum ETF by 19.3% during the third quarter. LPL Financial LLC now owns 1,744,946 shares of the company’s stock worth $209,969,000 after purchasing an additional 282,112 shares during the period. Merit Financial Group LLC purchased a new position in Invesco S&P MidCap Momentum ETF during the fourth quarter worth approximately $7,639,000. JPMorgan Chase & Co. raised its stake in Invesco S&P MidCap Momentum ETF by 4,307.7% during the third quarter. JPMorgan Chase & Co. now owns 59,680 shares of the company’s stock worth $7,181,000 after purchasing an additional 58,326 shares during the period. CWM LLC raised its stake in Invesco S&P MidCap Momentum ETF by 116.5% during the third quarter. CWM LLC now owns 103,024 shares of the company’s stock worth $12,397,000 after purchasing an additional 55,443 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its stake in Invesco S&P MidCap Momentum ETF by 910.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 53,784 shares of the company’s stock worth $6,437,000 after purchasing an additional 48,459 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Down 0.3 %

NYSEARCA:XMMO opened at $132.59 on Friday. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $92.01 and a fifty-two week high of $137.14. The firm’s 50 day moving average is $129.09 and its two-hundred day moving average is $122.38. The company has a market cap of $2.59 billion, a P/E 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.