Invesco S&P MidCap Momentum ETF $XMMO Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC decreased its holdings in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 3.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,128 shares of the company’s stock after selling 3,866 shares during the quarter. Modern Wealth Management LLC owned about 0.26% of Invesco S&P MidCap Momentum ETF worth $16,414,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in XMMO. Capstone Wealth Management Group LLC boosted its position in Invesco S&P MidCap Momentum ETF by 148.4% during the 1st quarter. Capstone Wealth Management Group LLC now owns 28,228 shares of the company’s stock worth $3,211,000 after purchasing an additional 16,865 shares during the period. AQR Capital Management LLC raised its position in Invesco S&P MidCap Momentum ETF by 17.4% in the first quarter. AQR Capital Management LLC now owns 12,835 shares of the company’s stock valued at $1,460,000 after purchasing an additional 1,905 shares during the period. Cerity Partners LLC acquired a new position in shares of Invesco S&P MidCap Momentum ETF during the second quarter worth about $3,587,000. Raymond James Financial Inc. lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 5.0% during the second quarter. Raymond James Financial Inc. now owns 667,770 shares of the company’s stock worth $85,895,000 after purchasing an additional 31,948 shares in the last quarter. Finally, Jupiter Wealth Management LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF in the second quarter worth about $2,120,000.

Invesco S&P MidCap Momentum ETF Stock Performance

XMMO stock opened at $162.40 on Friday. The firm has a market cap of $7.47 billion, a P/E ratio of 22.06 and a beta of 1.08. Invesco S&P MidCap Momentum ETF has a 1 year low of $126.64 and a 1 year high of $173.94. The stock has a 50-day simple moving average of $165.38 and a 200-day simple moving average of $154.83.

Invesco S&P MidCap Momentum ETF Company 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.