Envestnet Asset Management Inc. trimmed its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) by 94.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 224,001 shares of the company’s stock after selling 3,494,605 shares during the quarter. Envestnet Asset Management Inc. owned 0.76% of Invesco S&P MidCap Momentum ETF worth $25,482,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the business. Aptus Capital Advisors LLC boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 571.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 235 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter worth about $47,000. Glass Jacobson Investment Advisors llc raised its position in shares of 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 purchasing an additional 160 shares during the last quarter. Ameriflex Group Inc. acquired a new position in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter worth about $51,000. Finally, Hoey Investments Inc. acquired a new position in shares of Invesco S&P MidCap Momentum ETF during the 1st quarter worth about $66,000.
Invesco S&P MidCap Momentum ETF Stock Down 1.5%
XMMO opened at $128.60 on Wednesday. Invesco S&P MidCap Momentum ETF has a twelve month low of $97.50 and a twelve month high of $137.14. The company has a 50-day moving average price of $125.80 and a 200 day moving average price of $121.88. The company has a market cap of $3.96 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.
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