Foresight Capital Management Advisors Inc. Reduces Stake in Invesco S&P MidCap Momentum ETF $XMMO

Foresight Capital Management Advisors Inc. trimmed its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 42.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,543 shares of the company’s stock after selling 7,056 shares during the quarter. Foresight Capital Management Advisors Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $1,321,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Optima Capital LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter valued at approximately $26,000. Realta Investment Advisors purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter valued at approximately $28,000. GoalVest Advisory LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 3rd quarter valued at approximately $29,000. Eagle Bay Advisors LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter valued at approximately $39,000. Finally, Greykasell Wealth Strategies Inc. purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 3rd quarter valued at approximately $43,000.

Invesco S&P MidCap Momentum ETF Trading Down 0.6%

Shares of XMMO stock opened at $157.98 on Wednesday. The stock has a market capitalization of $6.49 billion, a P/E ratio of 22.06 and a beta of 1.08. The firm’s 50 day moving average is $148.58 and its 200 day moving average is $142.11. Invesco S&P MidCap Momentum ETF has a 12 month low of $107.65 and a 12 month high of $160.59.

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.