Sound Income Strategies LLC Has $5.43 Million Stock Position in Invesco S&P MidCap Momentum ETF $XMMO

Sound Income Strategies LLC increased its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 78.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 39,892 shares of the company’s stock after purchasing an additional 17,588 shares during the quarter. Sound Income Strategies LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $5,430,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mainstay Capital Management LLC ADV raised its position in shares of Invesco S&P MidCap Momentum ETF by 102.3% in the second quarter. Mainstay Capital Management LLC ADV now owns 558,008 shares of the company’s stock valued at $71,777,000 after purchasing an additional 282,194 shares during the period. Jones Financial Companies Lllp increased its stake in Invesco S&P MidCap Momentum ETF by 169.2% during the 1st quarter. Jones Financial Companies Lllp now owns 357,062 shares of the company’s stock worth $40,619,000 after acquiring an additional 224,424 shares during the period. Ameriprise Financial Inc. raised its holdings in Invesco S&P MidCap Momentum ETF by 36.6% in the 1st quarter. Ameriprise Financial Inc. now owns 691,318 shares of the company’s stock valued at $78,662,000 after acquiring an additional 185,360 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Invesco S&P MidCap Momentum ETF by 27.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 806,591 shares of the company’s stock worth $91,758,000 after purchasing an additional 173,649 shares during the period. Finally, Gimbal Financial acquired a new stake in Invesco S&P MidCap Momentum ETF during the second quarter worth about $15,711,000.

Invesco S&P MidCap Momentum ETF Trading Up 1.6%

XMMO opened at $140.19 on Friday. The company has a market cap of $4.90 billion, a P/E ratio of 22.06 and a beta of 1.05. The company’s 50 day moving average is $136.41 and its 200-day moving average is $132.73. Invesco S&P MidCap Momentum ETF has a 1-year low of $97.50 and a 1-year high of $142.34.

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.