HBW Advisory Services LLC Grows Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

HBW Advisory Services LLC lifted its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 7.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,305 shares of the company’s stock after purchasing an additional 845 shares during the period. HBW Advisory Services LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $1,481,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Oxford Wealth Group LLC acquired a new stake in Invesco S&P MidCap Momentum ETF in the 1st quarter valued at about $18,376,000. Cetera Investment Advisers increased its holdings 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 valued at $17,255,000 after purchasing an additional 134,291 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new position in Invesco S&P MidCap Momentum ETF during the first quarter worth approximately $15,174,000. Great Valley Advisor Group Inc. boosted its stake 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 worth $20,542,000 after buying an additional 102,989 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC acquired a new position in Invesco S&P MidCap Momentum ETF during the second quarter worth $9,204,000.

Invesco S&P MidCap Momentum ETF Stock Up 0.8 %

Shares of XMMO traded up $0.95 during midday trading on Friday, reaching $120.56. The company had a trading volume of 187,310 shares, compared to its average volume of 328,902. Invesco S&P MidCap Momentum ETF has a 1-year low of $74.39 and a 1-year high of $121.49. The firm has a 50 day simple moving average of $116.47 and a 200-day simple moving average of $114.54. The stock has a market cap of $2.36 billion, a PE ratio of 19.24 and a beta of 1.12.

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.