Signature Estate & Investment Advisors LLC Raises Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Signature Estate & Investment Advisors LLC raised its holdings in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 19.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,188 shares of the company’s stock after acquiring an additional 1,350 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $1,012,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XMMO. Citigroup Inc. grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 7.1% during the third quarter. Citigroup Inc. now owns 113,054 shares of the company’s stock worth $13,604,000 after purchasing an additional 7,503 shares in the last quarter. FMR LLC grew its stake in Invesco S&P MidCap Momentum ETF by 102.1% in the 3rd quarter. FMR LLC now owns 5,847 shares of the company’s stock worth $704,000 after buying an additional 2,954 shares in the last quarter. Flow Traders U.S. LLC increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 67.1% in the 3rd quarter. Flow Traders U.S. LLC now owns 12,995 shares of the company’s stock worth $1,564,000 after buying an additional 5,218 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 3rd quarter valued at $2,280,000. Finally, Arizona PSPRS Trust bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the 3rd quarter worth $3,395,000.

Invesco S&P MidCap Momentum ETF Stock Up 0.2 %

XMMO opened at $118.31 on Wednesday. The business’s fifty day simple moving average is $123.81 and its 200 day simple moving average is $124.68. Invesco S&P MidCap Momentum ETF has a 52 week low of $105.77 and a 52 week high of $137.14. The stock has a market cap of $3.59 billion, a PE ratio of 16.76 and a beta of 1.04.

Invesco S&P MidCap Momentum ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be issued a dividend of $0.3006 per share. This is a boost from Invesco S&P MidCap Momentum ETF’s previous dividend of $0.05. The ex-dividend date is Monday, March 24th.

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.