JPMorgan Chase & Co. Trims Stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

JPMorgan Chase & Co. reduced its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 84.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,344 shares of the company’s stock after selling 50,336 shares during the quarter. JPMorgan Chase & Co.’s holdings in Invesco S&P MidCap Momentum ETF were worth $1,154,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Synergy Investment Management LLC bought a new stake in Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $49,000. Transcendent Capital Group LLC lifted its position in Invesco S&P MidCap Momentum ETF by 2,689.5% in the 4th quarter. Transcendent Capital Group LLC now owns 530 shares of the company’s stock worth $65,000 after buying an additional 511 shares during the last quarter. Richardson Financial Services Inc. bought a new stake in Invesco S&P MidCap Momentum ETF in the 4th quarter worth approximately $70,000. First Command Advisory Services Inc. boosted its stake in Invesco S&P MidCap Momentum ETF by 30.0% in the fourth quarter. First Command Advisory Services Inc. now owns 658 shares of the company’s stock worth $81,000 after buying an additional 152 shares in the last quarter. Finally, Assetmark Inc. grew its position in Invesco S&P MidCap Momentum ETF by 459.4% during the fourth quarter. Assetmark Inc. now owns 744 shares of the company’s stock valued at $92,000 after acquiring an additional 611 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of Invesco S&P MidCap Momentum ETF stock opened at $114.01 on Friday. Invesco S&P MidCap Momentum ETF has a 52-week low of $97.50 and a 52-week high of $137.14. The company has a fifty day moving average of $113.93 and a 200-day moving average of $123.14. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 18.80 and a beta of 1.04.

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.