Vicus Capital Makes New $2.53 Million Investment in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Vicus Capital acquired a new position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the fourth quarter, Holdings Channel reports. The fund acquired 20,469 shares of the company’s stock, valued at approximately $2,529,000.

A number of other hedge funds have also recently bought and sold shares of XMMO. Manchester Financial Inc. boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 1,383.2% in the 4th quarter. Manchester Financial Inc. now owns 35,271 shares of the company’s stock worth $4,357,000 after buying an additional 32,893 shares during the last quarter. Diversified Portfolios Inc. purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter worth about $244,000. Gladstone Institutional Advisory LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter worth about $1,013,000. Sovran Advisors LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter worth about $1,950,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter worth about $911,000.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of Invesco S&P MidCap Momentum ETF stock opened at $128.40 on Friday. Invesco S&P MidCap Momentum ETF has a 52-week low of $100.42 and a 52-week high of $137.14. The stock’s 50-day simple moving average is $128.29 and its 200 day simple moving average is $123.85. The stock has a market capitalization of $2.51 billion, a P/E ratio of 19.24 and a beta of 1.12.

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.