Avaii Wealth Management LLC Invests $8.05 Million in Invesco S&P MidCap Momentum ETF $XMMO

Avaii Wealth Management LLC bought a new stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 58,119 shares of the company’s stock, valued at approximately $8,047,000. Invesco S&P MidCap Momentum ETF makes up 2.9% of Avaii Wealth Management LLC’s investment portfolio, making the stock its 13th largest holding. Avaii Wealth Management LLC owned about 0.16% of Invesco S&P MidCap Momentum ETF at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. CoreCap Advisors LLC grew its stake in shares of Invesco S&P MidCap Momentum ETF by 2,784.4% during the 4th quarter. CoreCap Advisors LLC now owns 2,221 shares of the company’s stock valued at $308,000 after acquiring an additional 2,144 shares during the period. Signal Advisors Wealth LLC raised its stake in Invesco S&P MidCap Momentum ETF by 12.3% during the 4th quarter. Signal Advisors Wealth LLC now owns 2,457 shares of the company’s stock worth $340,000 after acquiring an additional 269 shares during the period. SeaCrest Wealth Management LLC raised its stake in Invesco S&P MidCap Momentum ETF by 7.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 9,070 shares of the company’s stock worth $1,291,000 after acquiring an additional 644 shares during the period. World Equity Group Inc. lifted its holdings in Invesco S&P MidCap Momentum ETF by 1.4% during the fourth quarter. World Equity Group Inc. now owns 9,016 shares of the company’s stock valued at $1,248,000 after purchasing an additional 128 shares in the last quarter. Finally, RVW Wealth LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter worth approximately $248,000.

Invesco S&P MidCap Momentum ETF Price Performance

Shares of NYSEARCA XMMO opened at $144.59 on Friday. The stock has a market cap of $5.39 billion, a PE ratio of 22.06 and a beta of 1.05. Invesco S&P MidCap Momentum ETF has a 1 year low of $97.50 and a 1 year high of $152.42. The firm has a fifty day moving average price of $145.33 and a 200-day moving average price of $139.85.

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.