Maridea Wealth Management LLC Cuts Position in Invesco S&P MidCap Momentum ETF $XMMO

Maridea Wealth Management LLC trimmed its position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 35.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,438 shares of the company’s stock after selling 3,595 shares during the period. Maridea Wealth Management LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $891,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. First Financial Corp IN acquired a new position in Invesco S&P MidCap Momentum ETF during the 3rd quarter worth about $25,000. GoalVest Advisory LLC acquired a new position in Invesco S&P MidCap Momentum ETF in the 3rd quarter valued at about $29,000. Greykasell Wealth Strategies Inc. acquired a new position in Invesco S&P MidCap Momentum ETF in the 3rd quarter valued at about $43,000. Aptus Capital Advisors LLC increased its stake in Invesco S&P MidCap Momentum ETF by 2,293.8% during the third quarter. Aptus Capital Advisors LLC now owns 383 shares of the company’s stock worth $52,000 after purchasing an additional 367 shares during the period. Finally, Beacon Capital Management Inc. purchased a new stake in Invesco S&P MidCap Momentum ETF during the second quarter worth about $50,000.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of XMMO opened at $141.92 on Monday. The company’s 50-day simple moving average is $144.99 and its 200-day simple moving average is $139.57. Invesco S&P MidCap Momentum ETF has a 1 year low of $97.50 and a 1 year high of $152.42. The stock has a market capitalization of $5.29 billion, a PE ratio of 22.06 and a beta of 1.05.

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.