Bessemer Group Inc. Purchases 3,571 Shares of Invesco S&P MidCap Momentum ETF $XMMO

Bessemer Group Inc. lifted its position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 272.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,883 shares of the company’s stock after purchasing an additional 3,571 shares during the quarter. Bessemer Group Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $708,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XMMO. Independent Financial Group LLC purchased a new position in Invesco S&P MidCap Momentum ETF during the first quarter valued at $2,644,000. D.A. Davidson & CO. increased its stake in shares of Invesco S&P MidCap Momentum ETF by 25.3% in the 1st quarter. D.A. Davidson & CO. now owns 2,874 shares of the company’s stock worth $417,000 after acquiring an additional 581 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Invesco S&P MidCap Momentum ETF by 41.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 23,671 shares of the company’s stock worth $3,433,000 after acquiring an additional 6,952 shares in the last quarter. Nwam LLC lifted its position in Invesco S&P MidCap Momentum ETF by 8.6% during the 1st quarter. Nwam LLC now owns 43,626 shares of the company’s stock valued at $6,327,000 after acquiring an additional 3,467 shares during the period. Finally, Retirement Planning Group LLC purchased a new position in Invesco S&P MidCap Momentum ETF during the 1st quarter valued at about $439,000.

Invesco S&P MidCap Momentum ETF Stock Performance

XMMO stock opened at $160.27 on Friday. The firm has a 50 day moving average price of $165.31 and a 200-day moving average price of $154.87. Invesco S&P MidCap Momentum ETF has a 52-week low of $126.64 and a 52-week high of $173.94. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 22.06 and a beta of 1.08.

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.