Advance Capital Management Inc. Invests $27.36 Million in Invesco S&P MidCap Momentum ETF $XMMO

Advance Capital Management Inc. bought a new position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 197,626 shares of the company’s stock, valued at approximately $27,363,000. Invesco S&P MidCap Momentum ETF makes up about 1.2% of Advance Capital Management Inc.’s investment portfolio, making the stock its 14th largest holding. Advance Capital Management Inc. owned 0.54% of Invesco S&P MidCap Momentum ETF at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of XMMO. Clear Creek Financial Management LLC grew its stake in shares of Invesco S&P MidCap Momentum ETF by 65.3% in the 3rd quarter. Clear Creek Financial Management LLC now owns 10,574 shares of the company’s stock valued at $1,430,000 after purchasing an additional 4,178 shares during the last quarter. American Trust purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the second quarter worth approximately $1,062,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Invesco S&P MidCap Momentum ETF during the second quarter worth $5,357,000. Fifth Third Securities Inc. lifted its holdings in shares of Invesco S&P MidCap Momentum ETF by 12.3% during the third quarter. Fifth Third Securities Inc. now owns 91,761 shares of the company’s stock worth $12,409,000 after purchasing an additional 10,049 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Invesco S&P MidCap Momentum ETF by 205.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 15,478 shares of the company’s stock valued at $2,093,000 after buying an additional 10,419 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Stock Up 0.9%

Shares of NYSEARCA:XMMO opened at $146.24 on Friday. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $97.50 and a fifty-two week high of $152.42. The firm’s 50-day simple moving average is $144.98 and its 200-day simple moving average is $139.38. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 22.06 and a beta of 1.05.

About Invesco S&P MidCap Momentum ETF

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.