Sovran Advisors LLC Invests $1.95 Million in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Sovran Advisors LLC acquired a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 15,504 shares of the company’s stock, valued at approximately $1,950,000.

A number of other institutional investors also recently added to or reduced their stakes in XMMO. Howe & Rusling Inc. acquired a new stake in shares of Invesco S&P MidCap Momentum ETF in the 3rd quarter valued at approximately $30,000. NBC Securities Inc. lifted its holdings in Invesco S&P MidCap Momentum ETF by 83.7% in the third quarter. NBC Securities Inc. now owns 461 shares of the company’s stock valued at $55,000 after acquiring an additional 210 shares during the period. Richardson Financial Services Inc. purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter worth $70,000. Investors Research Corp grew its stake in shares of Invesco S&P MidCap Momentum ETF by 127.2% during the 3rd quarter. Investors Research Corp now owns 718 shares of the company’s stock worth $86,000 after purchasing an additional 402 shares during the period. Finally, Realta Investment Advisors acquired a new stake in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter valued at about $138,000.

Invesco S&P MidCap Momentum ETF Trading Down 0.1 %

Shares of XMMO opened at $129.69 on Tuesday. Invesco S&P MidCap Momentum ETF has a twelve month low of $98.61 and a twelve month high of $137.14. The firm has a market capitalization of $2.54 billion, a P/E ratio of 19.24 and a beta of 1.12. The firm’s 50-day moving average is $128.69 and its two-hundred day moving average is $123.66.

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.