Kovack Advisors Inc. Lowers Stock Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Kovack Advisors Inc. reduced its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 2.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 33,418 shares of the company’s stock after selling 997 shares during the period. Kovack Advisors Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $4,128,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 19.3% during the 3rd quarter. LPL Financial LLC now owns 1,744,946 shares of the company’s stock worth $209,969,000 after acquiring an additional 282,112 shares in the last quarter. Money Concepts Capital Corp lifted its holdings in shares of Invesco S&P MidCap Momentum ETF by 24.6% in the 4th quarter. Money Concepts Capital Corp now owns 436,572 shares of the company’s stock worth $53,930,000 after buying an additional 86,162 shares during the period. Mainstay Capital Management LLC ADV purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter worth $35,394,000. Principal Securities Inc. lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 918.3% during the 4th quarter. Principal Securities Inc. now owns 248,852 shares of the company’s stock worth $30,741,000 after purchasing an additional 224,413 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its holdings in Invesco S&P MidCap Momentum ETF by 28.5% in the fourth quarter. Foundations Investment Advisors LLC now owns 216,405 shares of the company’s stock worth $26,732,000 after acquiring an additional 47,969 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of NYSEARCA XMMO opened at $122.35 on Thursday. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $104.48 and a fifty-two week high of $137.14. The company has a market cap of $3.82 billion, a PE ratio of 19.06 and a beta of 1.03. The business has a 50-day simple moving average of $127.16 and a two-hundred day simple moving average of $124.61.

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.