Northwestern Mutual Wealth Management Co. lowered its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) by 59.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 348,532 shares of the company’s stock after selling 502,565 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P MidCap Momentum ETF were worth $48,258,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of XMMO. Optima Capital LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $26,000. Realta Investment Advisors purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $28,000. Eagle Bay Advisors LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $39,000. Dunhill Financial LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $42,000. Finally, Greykasell Wealth Strategies Inc. purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the third quarter worth about $43,000.
Invesco S&P MidCap Momentum ETF Stock Down 1.8%
XMMO stock opened at $160.86 on Tuesday. The stock has a market capitalization of $6.79 billion, a P/E ratio of 22.06 and a beta of 1.09. The firm has a 50-day simple moving average of $153.51 and a 200-day simple moving average of $145.35. Invesco S&P MidCap Momentum ETF has a 52 week low of $120.83 and a 52 week high of $170.16.
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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