Park Avenue Securities LLC Raises Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Park Avenue Securities LLC increased its position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,111 shares of the company’s stock after purchasing an additional 103 shares during the period. Park Avenue Securities LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $495,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in XMMO. Dynamic Advisor Solutions LLC raised its stake in shares of Invesco S&P MidCap Momentum ETF by 2.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 4,531 shares of the company’s stock worth $516,000 after buying an additional 110 shares in the last quarter. PFG Advisors raised its position in Invesco S&P MidCap Momentum ETF by 2.6% in the first quarter. PFG Advisors now owns 4,495 shares of the company’s stock worth $516,000 after acquiring an additional 114 shares in the last quarter. Concourse Financial Group Securities Inc. lifted its holdings in Invesco S&P MidCap Momentum ETF by 114.2% in the second quarter. Concourse Financial Group Securities Inc. now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 129 shares during the period. American Trust boosted its position in shares of Invesco S&P MidCap Momentum ETF by 2.7% during the 1st quarter. American Trust now owns 7,387 shares of the company’s stock worth $848,000 after purchasing an additional 192 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Invesco S&P MidCap Momentum ETF during the 2nd quarter worth $26,000.

Invesco S&P MidCap Momentum ETF Stock Up 2.1 %

Shares of XMMO opened at $123.03 on Friday. Invesco S&P MidCap Momentum ETF has a 52-week low of $74.39 and a 52-week high of $123.03. The company has a 50-day simple moving average of $116.94 and a 200-day simple moving average of $114.88. The company has a market capitalization of $2.41 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.