Oppenheimer & Co. Inc. purchased a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) in the third quarter, HoldingsChannel reports. The firm purchased 10,014 shares of the company’s stock, valued at approximately $1,470,000.
Several other hedge funds and other institutional investors have also made changes to their positions in XMMO. Envestnet Asset Management Inc. increased its holdings in Invesco S&P MidCap Momentum ETF by 22.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,295,928 shares of the company’s stock valued at $220,489,000 after acquiring an additional 234,003 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Invesco S&P MidCap Momentum ETF by 98.9% in the second quarter. NewEdge Advisors LLC now owns 155,686 shares of the company’s stock valued at $26,489,000 after purchasing an additional 77,403 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of Invesco S&P MidCap Momentum ETF by 29.2% in the first quarter. Kestra Advisory Services LLC now owns 50,955 shares of the company’s stock valued at $7,390,000 after purchasing an additional 11,531 shares in the last quarter. Sunrise Financial Services LLC grew its position in shares of Invesco S&P MidCap Momentum ETF by 14.0% in the third quarter. Sunrise Financial Services LLC now owns 54,651 shares of the company’s stock valued at $8,020,000 after purchasing an additional 6,704 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of Invesco S&P MidCap Momentum ETF in the second quarter valued at approximately $1,485,000.
Invesco S&P MidCap Momentum ETF Price Performance
XMMO stock opened at $136.13 on Monday. The company’s 50 day simple moving average is $147.43 and its 200-day simple moving average is $153.80. Invesco S&P MidCap Momentum ETF has a 12 month low of $129.31 and a 12 month high of $173.94. The firm has a market capitalization of $6.55 billion, a PE ratio of 22.06 and a beta of 1.10.
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.
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