Diversified LLC Cuts Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Diversified LLC trimmed its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,887 shares of the company’s stock after selling 962 shares during the period. Invesco S&P MidCap Momentum ETF accounts for 0.4% of Diversified LLC’s portfolio, making the stock its 24th largest position. Diversified LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $1,876,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter valued at $27,000. NBC Securities Inc. purchased a new position in shares of Invesco S&P MidCap Momentum ETF during the 3rd quarter valued at approximately $49,000. PNC Financial Services Group Inc. raised its position in shares of Invesco S&P MidCap Momentum ETF by 38.4% in the third quarter. PNC Financial Services Group Inc. now owns 2,292 shares of the company’s stock worth $185,000 after acquiring an additional 636 shares during the period. EP Wealth Advisors LLC grew its holdings in Invesco S&P MidCap Momentum ETF by 437.6% in the third quarter. EP Wealth Advisors LLC now owns 2,575 shares of the company’s stock valued at $207,000 after purchasing an additional 2,096 shares during the period. Finally, Mutual Advisors LLC purchased a new stake in Invesco S&P MidCap Momentum ETF in the 4th quarter worth $211,000.

Invesco S&P MidCap Momentum ETF Price Performance

Invesco S&P MidCap Momentum ETF stock traded up $0.71 during midday trading on Monday, reaching $107.32. The company had a trading volume of 70,639 shares, compared to its average volume of 216,397. The company has a market capitalization of $2.09 billion, a P/E ratio of 19.55 and a beta of 1.12. The firm’s fifty day simple moving average is $109.59 and its 200-day simple moving average is $94.10. Invesco S&P MidCap Momentum ETF has a 12-month low of $72.49 and a 12-month high of $116.53.

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.