Axxcess Wealth Management LLC Buys New Stake in Invesco S&P MidCap Momentum ETF $XMMO

Axxcess Wealth Management LLC purchased a new position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,394 shares of the company’s stock, valued at approximately $1,000,000.

Several other hedge funds and other institutional investors have also made changes to their positions in XMMO. Vantagepoint Investment Advisers LLC bought a new stake in shares of Invesco S&P MidCap Momentum ETF in the third quarter worth about $161,994,000. Raymond James Financial Inc. grew its holdings in Invesco S&P MidCap Momentum ETF by 5.0% during the 2nd quarter. Raymond James Financial Inc. now owns 667,770 shares of the company’s stock valued at $85,895,000 after buying an additional 31,948 shares in the last quarter. Bank of America Corp DE increased its stake in Invesco S&P MidCap Momentum ETF by 7.6% in the 2nd quarter. Bank of America Corp DE now owns 597,656 shares of the company’s stock worth $76,877,000 after acquiring an additional 42,015 shares during the last quarter. Cetera Investment Advisers increased its stake in Invesco S&P MidCap Momentum ETF by 11.4% in the 2nd quarter. Cetera Investment Advisers now owns 546,873 shares of the company’s stock worth $70,344,000 after acquiring an additional 56,147 shares during the last quarter. Finally, Money Concepts Capital Corp raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 1.0% during the 3rd quarter. Money Concepts Capital Corp now owns 470,063 shares of the company’s stock worth $63,567,000 after acquiring an additional 4,774 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Stock Performance

XMMO stock opened at $149.37 on Friday. The firm has a fifty day moving average price of $142.40 and a 200 day moving average price of $137.24. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $97.50 and a fifty-two week high of $149.82. The firm has a market cap of $5.56 billion, a PE 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.