Adapt Wealth Advisors LLC Invests $1.08 Million in Invesco S&P MidCap Momentum ETF $XMMO

Adapt Wealth Advisors LLC 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 & Exchange Commission. The institutional investor bought 7,947 shares of the company’s stock, valued at approximately $1,075,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of XMMO. First Financial Corp IN acquired a new stake in Invesco S&P MidCap Momentum ETF during the 3rd quarter valued at approximately $25,000. Golden State Wealth Management LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF during the second quarter worth $28,000. GoalVest Advisory LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF during the third quarter worth $29,000. Greykasell Wealth Strategies Inc. acquired a new position in Invesco S&P MidCap Momentum ETF during the third quarter valued at $43,000. Finally, Beacon Capital Management Inc. purchased a new stake in Invesco S&P MidCap Momentum ETF in the second quarter valued at $50,000.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of XMMO opened at $149.37 on Friday. 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 company has a market capitalization of $5.56 billion, a P/E ratio of 22.06 and a beta of 1.05. The business’s 50-day moving average is $142.40 and its two-hundred day moving average is $137.29.

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.