Independent Financial Group LLC Invests $4.36 Million in Invesco S&P MidCap Value with Momentum ETF $XMVM

Independent Financial Group LLC bought a new position in Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 66,935 shares of the company’s stock, valued at approximately $4,359,000. Independent Financial Group LLC owned about 1.03% of Invesco S&P MidCap Value with Momentum ETF at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Westover Capital Advisors LLC bought a new position in Invesco S&P MidCap Value with Momentum ETF during the 1st quarter valued at approximately $217,000. Sovran Advisors LLC purchased a new position in shares of Invesco S&P MidCap Value with Momentum ETF during the first quarter valued at approximately $882,000. Roman Butler Fullerton & Co. increased its stake in shares of Invesco S&P MidCap Value with Momentum ETF by 21.4% during the first quarter. Roman Butler Fullerton & Co. now owns 24,808 shares of the company’s stock valued at $1,673,000 after buying an additional 4,379 shares during the period. Kestra Advisory Services LLC increased its stake in shares of Invesco S&P MidCap Value with Momentum ETF by 51.2% during the first quarter. Kestra Advisory Services LLC now owns 3,150 shares of the company’s stock valued at $205,000 after buying an additional 1,067 shares during the period. Finally, USAdvisors Wealth Management LLC bought a new position in shares of Invesco S&P MidCap Value with Momentum ETF during the first quarter valued at approximately $370,000.

Invesco S&P MidCap Value with Momentum ETF Stock Down 0.5%

Shares of XMVM stock opened at $73.56 on Friday. The stock has a fifty day moving average of $70.13 and a 200 day moving average of $67.99. Invesco S&P MidCap Value with Momentum ETF has a 52 week low of $54.32 and a 52 week high of $74.32. The firm has a market capitalization of $495.06 million, a price-to-earnings ratio of 11.50 and a beta of 0.98.

Invesco S&P MidCap Value with Momentum ETF Company Profile

The Invesco S&P MidCap Value with Momentum ETF (XMVM) is an exchange-traded fund that is based on the S&P Midcap 400 High Momentum Value index. The fund tracks a value-weighted index of S&P 400 MidCap stocks selected by value and momentum. XMVM was launched on Mar 3, 2005 and is managed by Invesco.