Institute for Wealth Management LLC. Decreases Stock Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Institute for Wealth Management LLC. reduced its position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,595 shares of the company’s stock after selling 114 shares during the quarter. Invesco S&P MidCap Momentum ETF comprises approximately 0.8% of Institute for Wealth Management LLC.’s investment portfolio, making the stock its 17th largest position. Institute for Wealth Management LLC. owned about 0.25% of Invesco S&P MidCap Momentum ETF worth $6,003,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Trust boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 1.1% during the 3rd quarter. American Trust now owns 7,835 shares of the company’s stock worth $943,000 after purchasing an additional 84 shares during the last quarter. Meridian Financial LLC increased its stake in shares of Invesco S&P MidCap Momentum ETF by 3.2% in the 4th quarter. Meridian Financial LLC now owns 3,250 shares of the company’s stock worth $401,000 after acquiring an additional 100 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 2.6% during the 3rd quarter. Park Avenue Securities LLC now owns 4,111 shares of the company’s stock worth $495,000 after acquiring an additional 103 shares during the period. Advisory Alpha LLC boosted its position in shares of Invesco S&P MidCap Momentum ETF by 6.4% during the 4th quarter. Advisory Alpha LLC now owns 1,850 shares of the company’s stock valued at $229,000 after acquiring an additional 112 shares during the last quarter. Finally, Atria Investments Inc grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 0.9% in the third quarter. Atria Investments Inc now owns 13,115 shares of the company’s stock valued at $1,578,000 after purchasing an additional 122 shares during the period.

Invesco S&P MidCap Momentum ETF Trading Up 1.4 %

Invesco S&P MidCap Momentum ETF stock opened at $131.67 on Friday. The stock has a market cap of $2.58 billion, a P/E ratio of 19.24 and a beta of 1.12. The company has a 50-day moving average price of $129.29 and a 200 day moving average price of $122.95. Invesco S&P MidCap Momentum ETF has a 12-month low of $93.23 and a 12-month high of $137.14.

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.