Royal Bank of Canada Sells 3,933 Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Royal Bank of Canada trimmed its holdings in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Get Rating) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 83,816 shares of the company’s stock after selling 3,933 shares during the period. Royal Bank of Canada owned approximately 0.65% of Invesco S&P MidCap Momentum ETF worth $5,847,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in XMMO. Goldman Sachs Group Inc. bought a new stake in shares of Invesco S&P MidCap Momentum ETF in the second quarter worth about $18,909,000. Wells Fargo & Company MN raised its stake in Invesco S&P MidCap Momentum ETF by 38.8% in the second quarter. Wells Fargo & Company MN now owns 671,573 shares of the company’s stock worth $47,776,000 after buying an additional 187,888 shares in the last quarter. Great Valley Advisor Group Inc. acquired a new position in shares of Invesco S&P MidCap Momentum ETF during the third quarter worth $5,471,000. LPL Financial LLC increased its position in shares of Invesco S&P MidCap Momentum ETF by 6.8% in the 2nd quarter. LPL Financial LLC now owns 770,895 shares of the company’s stock valued at $54,841,000 after acquiring an additional 48,832 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Invesco S&P MidCap Momentum ETF by 56.6% in the third quarter. Envestnet Asset Management Inc. now owns 102,783 shares of the company’s stock valued at $7,171,000 after purchasing an additional 37,142 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Stock Down 2.3 %

XMMO stock opened at $74.46 on Monday. Invesco S&P MidCap Momentum ETF has a 52-week low of $68.22 and a 52-week high of $89.83. The company’s 50-day simple moving average is $77.73 and its 200-day simple moving average is $76.91. The firm has a market cap of $1.03 billion, a P/E ratio of 10.00 and a beta of 1.01.

About Invesco S&P MidCap Momentum ETF

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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.