Level Four Advisory Services LLC Raises Stock Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Level Four Advisory Services LLC lifted its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,467 shares of the company’s stock after purchasing an additional 2,168 shares during the period. Level Four Advisory Services LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $6,852,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of XMMO. Synergy Investment Management LLC bought a new stake in Invesco S&P MidCap Momentum ETF during the 4th quarter valued at approximately $49,000. Transcendent Capital Group LLC increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 2,689.5% during the fourth quarter. Transcendent Capital Group LLC now owns 530 shares of the company’s stock valued at $65,000 after acquiring an additional 511 shares in the last quarter. Richardson Financial Services Inc. purchased a new position in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter valued at approximately $70,000. First Command Advisory Services Inc. lifted its position in Invesco S&P MidCap Momentum ETF by 30.0% during the fourth quarter. First Command Advisory Services Inc. now owns 658 shares of the company’s stock valued at $81,000 after purchasing an additional 152 shares during the period. Finally, Assetmark Inc. boosted its holdings in Invesco S&P MidCap Momentum ETF by 459.4% in the fourth quarter. Assetmark Inc. now owns 744 shares of the company’s stock worth $92,000 after purchasing an additional 611 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Price Performance

NYSEARCA XMMO opened at $115.14 on Friday. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 16.76 and a beta of 1.04. Invesco S&P MidCap Momentum ETF has a 1-year low of $105.77 and a 1-year high of $137.14. The business’s fifty day moving average price is $123.30 and its 200-day moving average price is $124.56.

Invesco S&P MidCap Momentum ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a $0.3006 dividend. This is an increase from Invesco S&P MidCap Momentum ETF’s previous dividend of $0.05. The ex-dividend date of this dividend is Monday, March 24th.

About Invesco S&P MidCap Momentum ETF

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.