Kellett Wealth Advisors LLC Has $3.74 Million Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Kellett Wealth Advisors LLC lifted its position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 4.6% during the fourth quarter, Holdings Channel reports. The firm owned 30,295 shares of the company’s stock after acquiring an additional 1,328 shares during the period. Invesco S&P MidCap Momentum ETF makes up 2.6% of Kellett Wealth Advisors LLC’s holdings, making the stock its 9th largest holding. Kellett Wealth Advisors LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $3,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XMMO. Sanctuary Advisors LLC bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the 3rd quarter worth $318,000. JPMorgan Chase & Co. increased its holdings 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 buying an additional 58,326 shares during the last quarter. Mutual Advisors LLC raised its position in 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 worth $335,000 after acquiring an additional 386 shares during the period. Janney Montgomery Scott LLC boosted its stake in Invesco S&P MidCap Momentum ETF by 5.5% in the third quarter. Janney Montgomery Scott LLC now owns 13,008 shares of the company’s stock valued at $1,565,000 after acquiring an additional 673 shares during the last quarter. Finally, Brookstone Capital Management grew its position in shares of Invesco S&P MidCap Momentum ETF by 21.1% during the 4th quarter. Brookstone Capital Management now owns 2,745 shares of the company’s stock valued at $339,000 after acquiring an additional 479 shares during the period.

Invesco S&P MidCap Momentum ETF Trading Up 0.3 %

NYSEARCA:XMMO opened at $121.18 on Wednesday. Invesco S&P MidCap Momentum ETF has a 12 month low of $104.48 and a 12 month high of $137.14. The firm’s 50 day moving average is $127.19 and its 200 day moving average is $124.63. The stock has a market capitalization of $3.78 billion, a PE ratio of 19.06 and a beta of 1.03.

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.