Ausdal Financial Partners Inc. Raises Stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Ausdal Financial Partners Inc. increased its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 583.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,749 shares of the company’s stock after purchasing an additional 53,565 shares during the quarter. Ausdal Financial Partners Inc. owned 0.32% of Invesco S&P MidCap Momentum ETF worth $7,751,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Synergy Investment Management LLC purchased a new position in Invesco S&P MidCap Momentum ETF in the fourth quarter valued at about $49,000. Transcendent Capital Group LLC increased its stake in Invesco S&P MidCap Momentum ETF by 2,689.5% in the 4th quarter. Transcendent Capital Group LLC now owns 530 shares of the company’s stock valued at $65,000 after purchasing an additional 511 shares in the last quarter. Richardson Financial Services Inc. acquired a new position in Invesco S&P MidCap Momentum ETF during the fourth quarter worth $70,000. First Command Advisory Services Inc. boosted 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 worth $81,000 after purchasing an additional 152 shares in the last quarter. Finally, Assetmark Inc. boosted its position in Invesco S&P MidCap Momentum ETF by 459.4% during the fourth quarter. Assetmark Inc. now owns 744 shares of the company’s stock worth $92,000 after purchasing an additional 611 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Stock Up 0.2 %

Shares of XMMO stock opened at $118.31 on Wednesday. The stock has a market cap of $3.59 billion, a P/E ratio of 16.76 and a beta of 1.04. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $105.77 and a fifty-two week high of $137.14. The business has a fifty day simple moving average of $123.81 and a 200-day simple moving average of $124.68.

Invesco S&P MidCap Momentum ETF Increases Dividend

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

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.