Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Holdings Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 765.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,718,606 shares of the company’s stock after purchasing an additional 3,288,932 shares during the quarter. Envestnet Asset Management Inc. owned approximately 19.00% of Invesco S&P MidCap Momentum ETF worth $459,359,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in XMMO. Sanctuary Advisors LLC acquired a new stake in shares of Invesco S&P MidCap Momentum ETF in the third quarter valued at approximately $318,000. Steward Partners Investment Advisory LLC increased its position in Invesco S&P MidCap Momentum ETF by 62.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,547 shares of the company’s stock valued at $685,000 after acquiring an additional 2,125 shares during the period. Thrivent Financial for Lutherans increased its position in Invesco S&P MidCap Momentum ETF by 14.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 6,701 shares of the company’s stock valued at $828,000 after acquiring an additional 871 shares during the period. Truist Financial Corp bought a new stake in Invesco S&P MidCap Momentum ETF during the 4th quarter valued at $307,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Invesco S&P MidCap Momentum ETF by 4,307.7% in the third 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.

Invesco S&P MidCap Momentum ETF Stock Down 6.3 %

Shares of NYSEARCA XMMO opened at $103.22 on Friday. The stock has a market cap of $3.15 billion, a P/E ratio of 16.68 and a beta of 1.04. The firm’s 50-day simple moving average is $120.95 and its 200 day simple moving average is $124.51. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $101.97 and a fifty-two week high of $137.14.

Invesco S&P MidCap Momentum ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a dividend of $0.3006 per share. This is an increase from Invesco S&P MidCap Momentum ETF’s previous dividend of $0.05. The ex-dividend date was Monday, March 24th.

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.