Orion Portfolio Solutions LLC Purchases 1,209 Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Orion Portfolio Solutions LLC raised its position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 56.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,359 shares of the company’s stock after purchasing an additional 1,209 shares during the period. Orion Portfolio Solutions LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. LPL Financial LLC boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 19.3% during the third quarter. LPL Financial LLC now owns 1,744,946 shares of the company’s stock valued at $209,969,000 after purchasing an additional 282,112 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Invesco S&P MidCap Momentum ETF by 2.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 321,240 shares of the company’s stock valued at $36,619,000 after acquiring an additional 7,717 shares in the last quarter. Affinity Wealth Management LLC increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 1.5% in the 3rd quarter. Affinity Wealth Management LLC now owns 253,773 shares of the company’s stock valued at $30,537,000 after acquiring an additional 3,810 shares during the period. Foundations Investment Advisors LLC raised its position in shares of Invesco S&P MidCap Momentum ETF by 34.7% in the 2nd quarter. Foundations Investment Advisors LLC now owns 215,906 shares of the company’s stock worth $24,611,000 after acquiring an additional 55,650 shares in the last quarter. Finally, Great Valley Advisor Group Inc. raised its position in shares of Invesco S&P MidCap Momentum ETF by 3.4% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 186,324 shares of the company’s stock worth $22,420,000 after acquiring an additional 6,111 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Price Performance

Shares of XMMO stock opened at $123.91 on Thursday. The stock’s 50-day moving average is $128.32 and its 200 day moving average is $120.18. Invesco S&P MidCap Momentum ETF has a 1-year low of $87.00 and a 1-year high of $137.14. The company has a market cap of $2.42 billion, a P/E ratio of 19.24 and a beta of 1.12.

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.