Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Shares Sold by Scarborough Advisors LLC

Scarborough Advisors LLC lowered its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,302 shares of the company’s stock after selling 1,023 shares during the quarter. Scarborough Advisors LLC owned about 0.16% of Invesco S&P MidCap Momentum ETF worth $3,867,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Vicus Capital acquired a new position in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter valued at about $2,529,000. Manchester Financial Inc. boosted its position in Invesco S&P MidCap Momentum ETF by 1,383.2% in the fourth quarter. Manchester Financial Inc. now owns 35,271 shares of the company’s stock valued at $4,357,000 after buying an additional 32,893 shares during the last quarter. Diversified Portfolios Inc. purchased a new stake in Invesco S&P MidCap Momentum ETF in the fourth quarter valued at approximately $244,000. Gladstone Institutional Advisory LLC purchased a new stake in Invesco S&P MidCap Momentum ETF in the fourth quarter valued at approximately $1,013,000. Finally, Sovran Advisors LLC purchased a new stake in Invesco S&P MidCap Momentum ETF in the fourth quarter valued at approximately $1,950,000.

Invesco S&P MidCap Momentum ETF Stock Down 0.1 %

Shares of NYSEARCA XMMO opened at $128.33 on Friday. The business’s 50 day moving average price is $128.18 and its 200 day moving average price is $123.88. The firm has a market cap of $2.51 billion, a P/E ratio of 19.24 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a 52 week low of $100.42 and a 52 week high of $137.14.

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.