Ameriprise Financial Inc. Grows Stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Ameriprise Financial Inc. grew its holdings in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 25.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 505,958 shares of the company’s stock after buying an additional 103,376 shares during the period. Ameriprise Financial Inc. owned 2.59% of Invesco S&P MidCap Momentum ETF worth $62,505,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in Invesco S&P MidCap Momentum ETF by 765.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 3,718,606 shares of the company’s stock worth $459,359,000 after purchasing an additional 3,288,932 shares in the last quarter. LPL Financial LLC raised its stake in Invesco S&P MidCap Momentum ETF by 53.6% in the fourth quarter. LPL Financial LLC now owns 2,679,516 shares of the company’s stock worth $331,001,000 after buying an additional 934,570 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Invesco S&P MidCap Momentum ETF by 30.3% in the fourth quarter. Wells Fargo & Company MN now owns 836,946 shares of the company’s stock worth $103,388,000 after buying an additional 194,792 shares during the period. Raymond James Financial Inc. bought a new stake in Invesco S&P MidCap Momentum ETF during the 4th quarter valued at approximately $66,383,000. Finally, Orion Portfolio Solutions LLC grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 14,523.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 491,189 shares of the company’s stock worth $60,677,000 after acquiring an additional 487,830 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of NYSEARCA:XMMO opened at $120.11 on Friday. The firm has a market capitalization of $3.56 billion, a P/E ratio of 18.80 and a beta of 1.04. The stock has a 50 day moving average price of $113.17 and a 200-day moving average price of $122.75. Invesco S&P MidCap Momentum ETF has a 52-week low of $97.50 and a 52-week high of $137.14.

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.