LPL Financial LLC increased its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) by 53.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,679,516 shares of the company’s stock after purchasing an additional 934,570 shares during the period. LPL Financial LLC owned 0.14% of Invesco S&P MidCap Momentum ETF worth $331,001,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in XMMO. Raymond James Financial Inc. acquired a new position in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter valued at $66,383,000. Mainstay Capital Management LLC ADV acquired a new position in Invesco S&P MidCap Momentum ETF in the fourth quarter valued at $35,394,000. Principal Securities Inc. grew its position in 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 valued at $30,741,000 after acquiring an additional 224,413 shares during the period. Win Advisors Inc. acquired a new stake in Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $12,249,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter worth about $11,323,000.
Invesco S&P MidCap Momentum ETF Price Performance
NYSEARCA XMMO opened at $114.97 on Monday. The business’s 50-day simple moving average is $124.07 and its 200-day simple moving average is $124.59. The firm has a market capitalization of $3.49 billion, a P/E ratio of 16.76 and a beta of 1.04. Invesco S&P MidCap Momentum ETF has a 1-year low of $105.77 and a 1-year 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.
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