Envestnet Asset Management Inc. Decreases Stock Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Envestnet Asset Management Inc. cut its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 81.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 241,183 shares of the company’s stock after selling 1,035,209 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $27,493,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oxford Wealth Group LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the first quarter worth about $18,376,000. Cetera Investment Advisers raised its stake in shares of Invesco S&P MidCap Momentum ETF by 842.6% in the first quarter. Cetera Investment Advisers now owns 150,228 shares of the company’s stock worth $17,255,000 after purchasing an additional 134,291 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the first quarter worth about $15,174,000. Focus Financial Network Inc. ADV purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter worth about $11,584,000. Finally, Great Valley Advisor Group Inc. raised its position in Invesco S&P MidCap Momentum ETF by 133.4% during the second quarter. Great Valley Advisor Group Inc. now owns 180,213 shares of the company’s stock valued at $20,542,000 after acquiring an additional 102,989 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Trading Down 0.8 %

Shares of XMMO stock opened at $119.76 on Friday. The stock has a 50 day moving average of $115.90 and a 200 day moving average of $114.03. The stock has a market cap of $2.34 billion, a P/E ratio of 19.24 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a twelve month low of $74.39 and a twelve month high of $121.49.

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.