ProVise Management Group LLC Raises Stock Holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

ProVise Management Group LLC lifted its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 1.1% in the fourth quarter, HoldingsChannel reports. The firm owned 50,311 shares of the company’s stock after purchasing an additional 551 shares during the quarter. ProVise Management Group LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $6,215,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF in the 3rd quarter valued at about $318,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 62.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,547 shares of the company’s stock worth $685,000 after purchasing an additional 2,125 shares during the period. JPMorgan Chase & Co. increased its position in shares of 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 purchasing an additional 58,326 shares during the last quarter. Truist Financial Corp bought a new stake in Invesco S&P MidCap Momentum ETF in the fourth quarter worth $307,000. Finally, Assetmark Inc. boosted its stake in Invesco S&P MidCap Momentum ETF by 459.4% during the fourth quarter. Assetmark Inc. now owns 744 shares of the company’s stock worth $92,000 after buying an additional 611 shares during the period.

Invesco S&P MidCap Momentum ETF Trading Down 1.2 %

Shares of XMMO opened at $114.21 on Wednesday. The company’s fifty day simple moving average is $124.64 and its 200-day simple moving average is $124.58. The company has a market cap of $3.47 billion, a P/E ratio of 16.76 and a beta of 1.04. Invesco S&P MidCap Momentum ETF has a twelve month low of $105.77 and a twelve month high of $137.14.

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.