Family Investment Center Inc. reduced its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) by 5.1% during the 1st quarter, Holdings Channel reports. The firm owned 97,708 shares of the company’s stock after selling 5,254 shares during the quarter. Invesco S&P MidCap Momentum ETF makes up about 2.7% of Family Investment Center Inc.’s holdings, making the stock its 12th largest holding. Family Investment Center Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $14,170,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. LPL Financial LLC lifted its position in shares of Invesco S&P MidCap Momentum ETF by 11.4% during the 4th quarter. LPL Financial LLC now owns 3,472,670 shares of the company’s stock valued at $480,826,000 after buying an additional 355,614 shares in the last quarter. Cetera Investment Advisers grew its stake in Invesco S&P MidCap Momentum ETF by 11.3% in the 4th quarter. Cetera Investment Advisers now owns 1,251,835 shares of the company’s stock valued at $173,329,000 after acquiring an additional 127,090 shares during the period. Wells Fargo & Company MN increased its holdings in Invesco S&P MidCap Momentum ETF by 13.5% in the 4th quarter. Wells Fargo & Company MN now owns 1,058,740 shares of the company’s stock worth $146,593,000 after acquiring an additional 125,898 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P MidCap Momentum ETF by 9.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 927,629 shares of the company’s stock worth $128,440,000 after acquiring an additional 76,532 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in Invesco S&P MidCap Momentum ETF by 14.2% during the fourth quarter. Raymond James Financial Inc. now owns 837,045 shares of the company’s stock worth $115,897,000 after acquiring an additional 103,839 shares during the period.
Invesco S&P MidCap Momentum ETF Stock Up 1.6%
XMMO opened at $170.14 on Wednesday. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 22.06 and a beta of 1.08. Invesco S&P MidCap Momentum ETF has a 52-week low of $126.64 and a 52-week high of $173.94. The firm’s fifty day simple moving average is $165.76 and its two-hundred day simple moving average is $152.30.
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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