Principal Securities Inc. Boosts Stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Principal Securities Inc. grew its position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 918.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 248,852 shares of the company’s stock after buying an additional 224,413 shares during the quarter. Invesco S&P MidCap Momentum ETF accounts for approximately 0.7% of Principal Securities Inc.’s investment portfolio, making the stock its 27th biggest holding. Principal Securities Inc. owned 1.27% of Invesco S&P MidCap Momentum ETF worth $30,741,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new stake in Invesco S&P MidCap Momentum ETF during the third quarter valued at about $318,000. JPMorgan Chase & Co. raised its holdings in Invesco S&P MidCap Momentum ETF by 4,307.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,680 shares of the company’s stock valued at $7,181,000 after acquiring an additional 58,326 shares during the period. Mutual Advisors LLC lifted its position in shares of Invesco S&P MidCap Momentum ETF by 17.5% during the fourth quarter. Mutual Advisors LLC now owns 2,598 shares of the company’s stock worth $335,000 after acquiring an additional 386 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 5.5% in the third quarter. Janney Montgomery Scott LLC now owns 13,008 shares of the company’s stock worth $1,565,000 after acquiring an additional 673 shares during the period. Finally, Brookstone Capital Management grew its position in shares of Invesco S&P MidCap Momentum ETF by 21.1% in the fourth quarter. Brookstone Capital Management now owns 2,745 shares of the company’s stock valued at $339,000 after purchasing an additional 479 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Stock Down 0.1 %

XMMO stock opened at $128.33 on Friday. The stock has a 50-day simple moving average of $128.06 and a two-hundred day simple moving average of $123.95. Invesco S&P MidCap Momentum ETF has a twelve month low of $100.42 and a twelve month high of $137.14. The firm has a market capitalization of $2.51 billion, a PE ratio of 19.24 and a beta of 1.12.

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.