Elm3 Financial Group LLC Sells 2,674 Shares of Invesco S&P MidCap Momentum ETF $XMMO

Elm3 Financial Group LLC trimmed its holdings in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 9.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 26,394 shares of the company’s stock after selling 2,674 shares during the quarter. Invesco S&P MidCap Momentum ETF accounts for 2.8% of Elm3 Financial Group LLC’s portfolio, making the stock its 11th biggest position. Elm3 Financial Group LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $3,395,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Calton & Associates Inc. bought a new position in shares of Invesco S&P MidCap Momentum ETF in the 1st quarter worth $27,000. Hazlett Burt & Watson Inc. increased its holdings in Invesco S&P MidCap Momentum ETF by 41.5% in the first quarter. Hazlett Burt & Watson Inc. now owns 539 shares of the company’s stock valued at $60,000 after purchasing an additional 158 shares during the last quarter. Hoey Investments Inc. acquired a new position in Invesco S&P MidCap Momentum ETF in the first quarter valued at about $66,000. Capital Analysts LLC boosted its holdings in Invesco S&P MidCap Momentum ETF by 17.4% during the first quarter. Capital Analysts LLC now owns 742 shares of the company’s stock worth $84,000 after buying an additional 110 shares during the last quarter. Finally, Wood Tarver Financial Group LLC boosted its holdings in Invesco S&P MidCap Momentum ETF by 18.4% during the first quarter. Wood Tarver Financial Group LLC now owns 919 shares of the company’s stock worth $105,000 after buying an additional 143 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Price Performance

Shares of XMMO stock opened at $135.95 on Tuesday. The stock has a market cap of $4.66 billion, a PE ratio of 22.06 and a beta of 1.01. The stock has a 50-day moving average of $132.51 and a 200-day moving average of $125.18. Invesco S&P MidCap Momentum ETF has a one year low of $97.50 and a one year 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.