Invesco S&P MidCap Momentum ETF $XMMO Position Boosted by Belpointe Asset Management LLC

Belpointe Asset Management LLC increased its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 41.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,891 shares of the company’s stock after buying an additional 6,098 shares during the quarter. Belpointe Asset Management LLC owned about 0.06% of Invesco S&P MidCap Momentum ETF worth $2,893,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in XMMO. Vantagepoint Investment Advisers LLC bought a new position in Invesco S&P MidCap Momentum ETF in the 3rd quarter worth approximately $161,994,000. Advance Capital Management Inc. bought a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter worth approximately $27,363,000. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco S&P MidCap Momentum ETF by 20.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 851,097 shares of the company’s stock worth $115,094,000 after buying an additional 143,657 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Invesco S&P MidCap Momentum ETF by 36.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 357,700 shares of the company’s stock valued at $48,153,000 after purchasing an additional 96,163 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Invesco S&P MidCap Momentum ETF by 26.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 372,585 shares of the company’s stock valued at $50,385,000 after purchasing an additional 77,853 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of NYSEARCA XMMO opened at $158.86 on Tuesday. The stock has a fifty day moving average price of $148.35 and a two-hundred day moving average price of $141.95. The firm has a market cap of $6.52 billion, a P/E ratio of 22.06 and a beta of 1.08. Invesco S&P MidCap Momentum ETF has a 1 year low of $105.40 and a 1 year high of $159.61.

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.