E&G Advisors LP Makes New $496,000 Investment in Invesco S&P MidCap Momentum ETF $XMMO

E&G Advisors LP bought a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,670 shares of the company’s stock, valued at approximately $496,000.

A number of other hedge funds have also made changes to their positions in the stock. Mainstay Capital Management LLC ADV grew its position in Invesco S&P MidCap Momentum ETF by 102.3% during the second quarter. Mainstay Capital Management LLC ADV now owns 558,008 shares of the company’s stock valued at $71,777,000 after purchasing an additional 282,194 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 169.2% during the 1st quarter. Jones Financial Companies Lllp now owns 357,062 shares of the company’s stock valued at $40,619,000 after buying an additional 224,424 shares during the period. Gimbal Financial purchased a new position in shares of Invesco S&P MidCap Momentum ETF during the 2nd quarter valued at $15,711,000. Davidson Capital Management Inc. increased its stake in shares of Invesco S&P MidCap Momentum ETF by 43.2% in the second quarter. Davidson Capital Management Inc. now owns 389,462 shares of the company’s stock worth $50,096,000 after acquiring an additional 117,506 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in shares of Invesco S&P MidCap Momentum ETF by 20.5% in the second quarter. Osaic Holdings Inc. now owns 453,697 shares of the company’s stock worth $58,397,000 after acquiring an additional 77,285 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Trading Down 0.9%

XMMO opened at $138.46 on Friday. The stock has a fifty day moving average price of $137.41 and a 200 day moving average price of $133.62. Invesco S&P MidCap Momentum ETF has a 1 year low of $97.50 and a 1 year high of $142.34. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 22.06 and a beta of 1.05.

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.