Ameriprise Financial Inc. Increases Stock Holdings in Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM)

Ameriprise Financial Inc. raised its position in Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) by 67.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,023 shares of the company’s stock after acquiring an additional 72,414 shares during the quarter. Ameriprise Financial Inc. owned approximately 4.36% of Invesco S&P MidCap Value with Momentum ETF worth $9,977,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of XMVM. Raymond James Financial Inc. purchased a new position in shares of Invesco S&P MidCap Value with Momentum ETF in the fourth quarter valued at approximately $7,395,000. Uniting Wealth Partners LLC acquired a new stake in Invesco S&P MidCap Value with Momentum ETF during the 4th quarter worth approximately $5,740,000. Avior Wealth Management LLC boosted its position in Invesco S&P MidCap Value with Momentum ETF by 4.7% in the 4th quarter. Avior Wealth Management LLC now owns 521,333 shares of the company’s stock valued at $28,892,000 after buying an additional 23,494 shares during the period. Silver Oak Securities Incorporated acquired a new position in shares of Invesco S&P MidCap Value with Momentum ETF in the fourth quarter worth $1,164,000. Finally, World Investment Advisors purchased a new stake in shares of Invesco S&P MidCap Value with Momentum ETF during the fourth quarter worth $931,000.

Invesco S&P MidCap Value with Momentum ETF Trading Down 0.6%

Shares of NYSEARCA XMVM opened at $55.31 on Tuesday. The stock has a market cap of $259.40 million, a P/E ratio of 11.95 and a beta of 1.10. The business’s fifty day simple moving average is $51.83 and its 200-day simple moving average is $55.34. Invesco S&P MidCap Value with Momentum ETF has a 12-month low of $45.68 and a 12-month high of $62.50.

Invesco S&P MidCap Value with Momentum ETF Profile

The Invesco S&P MidCap Value with Momentum ETF (XMVM) is an exchange-traded fund that is based on the S&P Midcap 400 High Momentum Value index. The fund tracks a value-weighted index of S&P 400 MidCap stocks selected by value and momentum. XMVM was launched on Mar 3, 2005 and is managed by Invesco.