49 Wealth Management LLC Sells 533 Shares of Invesco S&P MidCap Momentum ETF $XMMO

49 Wealth Management LLC trimmed its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 18.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,331 shares of the company’s stock after selling 533 shares during the quarter. 49 Wealth Management LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $300,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in XMMO. Calton & Associates Inc. purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the first quarter worth $27,000. Golden State Wealth Management LLC purchased a new position in Invesco S&P MidCap Momentum ETF during the second quarter valued at $28,000. Briaud Financial Planning Inc bought a new stake in Invesco S&P MidCap Momentum ETF in the 2nd quarter valued at $29,000. Hazlett Burt & Watson Inc. grew its position in shares of Invesco S&P MidCap Momentum ETF by 41.5% during the first quarter. Hazlett Burt & Watson Inc. now owns 539 shares of the company’s stock valued at $60,000 after purchasing an additional 158 shares in the last quarter. Finally, Parkside Financial Bank & Trust purchased a new position in Invesco S&P MidCap Momentum ETF during the 2nd quarter valued at approximately $62,000.

Invesco S&P MidCap Momentum ETF Stock Performance

NYSEARCA XMMO opened at $136.43 on Monday. The stock has a 50 day moving average price of $134.89 and a 200-day moving average price of $129.54. Invesco S&P MidCap Momentum ETF has a one year low of $97.50 and a one year high of $139.26. The company has a market capitalization of $4.77 billion, a P/E ratio of 22.06 and a beta of 1.05.

Invesco S&P MidCap Momentum ETF Company 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.