AssuredPartners Investment Advisors LLC Takes $3.35 Million Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

AssuredPartners Investment Advisors LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 27,135 shares of the company’s stock, valued at approximately $3,352,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Synergy Investment Management LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter worth about $49,000. Transcendent Capital Group LLC boosted its holdings in Invesco S&P MidCap Momentum ETF by 2,689.5% in the 4th quarter. Transcendent Capital Group LLC now owns 530 shares of the company’s stock worth $65,000 after acquiring an additional 511 shares during the period. Richardson Financial Services Inc. purchased a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter worth approximately $70,000. First Command Advisory Services Inc. raised its stake in shares of Invesco S&P MidCap Momentum ETF by 30.0% during the fourth quarter. First Command Advisory Services Inc. now owns 658 shares of the company’s stock valued at $81,000 after purchasing an additional 152 shares during the period. Finally, Assetmark Inc. raised its stake in shares of Invesco S&P MidCap Momentum ETF by 459.4% during the fourth quarter. Assetmark Inc. now owns 744 shares of the company’s stock valued at $92,000 after purchasing an additional 611 shares during the period.

Invesco S&P MidCap Momentum ETF Trading Down 1.4 %

Shares of XMMO stock opened at $116.63 on Thursday. The firm has a fifty day simple moving average of $123.58 and a 200-day simple moving average of $124.63. The company has a market capitalization of $3.54 billion, a PE 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 Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be given a $0.3006 dividend. This is a boost from Invesco S&P MidCap Momentum ETF’s previous dividend of $0.05. The ex-dividend date is Monday, March 24th.

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.