Belpointe Asset Management LLC lifted its holdings in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) by 315.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,638 shares of the company’s stock after purchasing an additional 25,547 shares during the quarter. Belpointe Asset Management LLC owned about 0.11% of Invesco S&P MidCap Momentum ETF worth $3,827,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Calton & Associates Inc. acquired a new position in Invesco S&P MidCap Momentum ETF in the first quarter valued at about $27,000. Ameriflex Group Inc. purchased a new stake in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter valued at approximately $51,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of Invesco S&P MidCap Momentum ETF by 41.5% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 539 shares of the company’s stock worth $60,000 after acquiring an additional 158 shares during the last quarter. Hoey Investments Inc. purchased a new position in shares of Invesco S&P MidCap Momentum ETF during the 1st quarter worth approximately $66,000. Finally, Park Square Financial Group LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter worth approximately $80,000.
Invesco S&P MidCap Momentum ETF Stock Performance
Invesco S&P MidCap Momentum ETF stock opened at $133.42 on Wednesday. The company has a market capitalization of $4.26 billion, a PE ratio of 22.06 and a beta of 1.01. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $97.50 and a fifty-two week high of $137.14. The firm has a 50 day moving average price of $130.80 and a 200 day moving average price of $122.73.
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.
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