World Investment Advisors Raises Stock Position in Invesco S&P MidCap Momentum ETF $XMMO

World Investment Advisors grew its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 919.2% in the first quarter, Holdings Channel.com reports. The fund owned 67,490 shares of the company’s stock after purchasing an additional 60,868 shares during the period. World Investment Advisors’ holdings in Invesco S&P MidCap Momentum ETF were worth $9,787,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Elevation Capital Advisory LLC boosted its position in Invesco S&P MidCap Momentum ETF by 162.7% during the fourth quarter. Elevation Capital Advisory LLC now owns 29,671 shares of the company’s stock worth $4,108,000 after purchasing an additional 18,378 shares in the last quarter. Sound Income Strategies LLC grew its holdings in Invesco S&P MidCap Momentum ETF by 67.7% in the fourth quarter. Sound Income Strategies LLC now owns 66,916 shares of the company’s stock valued at $9,580,000 after purchasing an additional 27,024 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Invesco S&P MidCap Momentum ETF by 120.6% in the fourth quarter. Farther Finance Advisors LLC now owns 34,147 shares of the company’s stock valued at $4,728,000 after buying an additional 18,669 shares in the last quarter. Belpointe Asset Management LLC increased its position in shares of Invesco S&P MidCap Momentum ETF by 41.2% in the fourth quarter. Belpointe Asset Management LLC now owns 20,891 shares of the company’s stock valued at $2,893,000 after buying an additional 6,098 shares in the last quarter. Finally, IFG Advisory LLC raised its stake in shares of Invesco S&P MidCap Momentum ETF by 203.0% during the 3rd quarter. IFG Advisory LLC now owns 9,517 shares of the company’s stock worth $1,287,000 after buying an additional 6,376 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Price Performance

NYSEARCA:XMMO opened at $163.14 on Friday. Invesco S&P MidCap Momentum ETF has a 52-week low of $126.64 and a 52-week high of $173.94. The stock has a fifty day simple moving average of $166.11 and a 200-day simple moving average of $152.71. The company has a market capitalization of $7.60 billion, a PE ratio of 22.06 and a beta of 1.08.

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.