Guardian Partners Inc. Acquires Shares of 30,684 Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Guardian Partners Inc. acquired a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 30,684 shares of the company’s stock, valued at approximately $3,860,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XMMO. Raymond James Financial Inc. purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $66,383,000. Money Concepts Capital Corp increased its stake in shares of Invesco S&P MidCap Momentum ETF by 24.6% during the fourth quarter. Money Concepts Capital Corp now owns 436,572 shares of the company’s stock worth $53,930,000 after purchasing an additional 86,162 shares in the last quarter. Mainstay Capital Management LLC ADV purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $35,394,000. Principal Securities Inc. increased its stake in shares of Invesco S&P MidCap Momentum ETF by 918.3% during the fourth 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 in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Invesco S&P MidCap Momentum ETF by 55.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 241,332 shares of the company’s stock worth $29,812,000 after purchasing an additional 86,580 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Stock Down 0.6 %

XMMO stock opened at $114.97 on Friday. The stock has a market capitalization of $3.49 billion, a P/E ratio of 16.76 and a beta of 1.04. The firm has a 50-day simple moving average of $124.07 and a 200-day simple moving average of $124.51. Invesco S&P MidCap Momentum ETF has a 52 week low of $105.77 and a 52 week high of $137.14.

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.