NewEdge Advisors LLC Has $8.89 Million Stock Position in Invesco S&P MidCap Momentum ETF $XMMO

NewEdge Advisors LLC lifted its position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 36.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 61,308 shares of the company’s stock after buying an additional 16,281 shares during the period. NewEdge Advisors LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $8,891,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Optima Capital LLC bought a new position in Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $26,000. Realta Investment Advisors bought a new stake in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter worth about $28,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $28,000. AlphaCore Capital LLC acquired a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $34,000. Finally, Park Square Financial Group LLC acquired a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $36,000.

Invesco S&P MidCap Momentum ETF Price Performance

NYSEARCA:XMMO opened at $153.95 on Friday. The business’s 50-day simple moving average is $164.75 and its 200-day simple moving average is $155.33. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $126.64 and a fifty-two week high of $173.94. The stock has a market capitalization of $7.12 billion, a PE ratio of 22.06 and a beta of 1.08.

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.