Brown Advisory Inc. Sells 1,771 Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Brown Advisory Inc. cut its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 14.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,609 shares of the company’s stock after selling 1,771 shares during the period. Brown Advisory Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $1,207,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of XMMO. Aptus Capital Advisors LLC raised its stake in shares of Invesco S&P MidCap Momentum ETF by 571.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 235 shares of the company’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new stake in Invesco S&P MidCap Momentum ETF during the 4th quarter worth about $47,000. Glass Jacobson Investment Advisors llc grew its holdings in Invesco S&P MidCap Momentum ETF by 62.7% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 415 shares of the company’s stock worth $51,000 after acquiring an additional 160 shares during the last quarter. Ameriflex Group Inc. bought a new position in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $51,000. Finally, Hoey Investments Inc. bought a new position in shares of Invesco S&P MidCap Momentum ETF in the 1st quarter valued at about $66,000.

Invesco S&P MidCap Momentum ETF Trading Down 0.5%

Shares of NYSEARCA XMMO opened at $129.34 on Monday. The firm’s 50-day moving average is $125.38 and its 200-day moving average is $121.79. Invesco S&P MidCap Momentum ETF has a 1 year low of $97.50 and a 1 year high of $137.14. The firm has a market capitalization of $3.98 billion, a PE ratio of 22.06 and a beta of 1.01.

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.