Northbridge Financial Group LLC Purchases New Position in Invesco S&P MidCap Momentum ETF $XMMO

Northbridge Financial Group LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 16,602 shares of the company’s stock, valued at approximately $2,299,000. Invesco S&P MidCap Momentum ETF accounts for approximately 1.0% of Northbridge Financial Group LLC’s holdings, making the stock its 21st biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vantagepoint Investment Advisers LLC bought a new stake in Invesco S&P MidCap Momentum ETF during the third quarter worth about $161,994,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 20.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 851,097 shares of the company’s stock valued at $115,094,000 after purchasing an additional 143,657 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 9.8% during the third quarter. Raymond James Financial Inc. now owns 733,206 shares of the company’s stock valued at $99,151,000 after purchasing an additional 65,436 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 3.5% during the third quarter. Ameriprise Financial Inc. now owns 672,967 shares of the company’s stock valued at $91,134,000 after purchasing an additional 22,735 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Invesco S&P MidCap Momentum ETF by 7.5% during the third quarter. Bank of America Corp DE now owns 642,741 shares of the company’s stock valued at $86,918,000 after buying an additional 45,085 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Trading Down 1.1%

Shares of XMMO stock opened at $159.03 on Wednesday. Invesco S&P MidCap Momentum ETF has a 12 month low of $120.83 and a 12 month high of $170.16. The stock has a market cap of $6.72 billion, a P/E ratio of 22.06 and a beta of 1.09. The company has a 50 day simple moving average of $153.81 and a two-hundred day simple moving average of $145.50.

Invesco S&P MidCap Momentum ETF Company 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.