Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 0.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 382,094 shares of the company’s stock after buying an additional 450 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $45,977,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fortitude Family Office LLC acquired a new position in Invesco S&P MidCap Momentum ETF in the fourth quarter worth approximately $1,519,000. Worth Asset Management LLC acquired a new position in Invesco S&P MidCap Momentum ETF in the fourth quarter worth approximately $218,000. International Assets Investment Management LLC purchased a new position in Invesco S&P MidCap Momentum ETF during the 4th quarter worth approximately $404,000. JPMorgan Chase & Co. grew its position in Invesco S&P MidCap Momentum ETF by 4,307.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,680 shares of the company’s stock worth $7,181,000 after purchasing an additional 58,326 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in Invesco S&P MidCap Momentum ETF by 910.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 53,784 shares of the company’s stock worth $6,437,000 after purchasing an additional 48,459 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Stock Performance

NYSEARCA XMMO opened at $123.67 on Friday. Invesco S&P MidCap Momentum ETF has a twelve month low of $88.32 and a twelve month high of $137.14. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12. The firm’s 50 day moving average price is $129.03 and its two-hundred day moving average price is $121.46.

Invesco S&P MidCap Momentum ETF 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.