Whitaker Myers Wealth Managers LTD. Increases Stock Position in Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM)

Whitaker Myers Wealth Managers LTD. raised its position in Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) by 10.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 208,563 shares of the company’s stock after buying an additional 19,636 shares during the period. Invesco S&P MidCap Value with Momentum ETF comprises 3.1% of Whitaker Myers Wealth Managers LTD.’s investment portfolio, making the stock its 12th biggest position. Whitaker Myers Wealth Managers LTD. owned approximately 4.49% of Invesco S&P MidCap Value with Momentum ETF worth $11,001,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XMVM. Raymond James Financial Inc. acquired a new stake in shares of Invesco S&P MidCap Value with Momentum ETF in the fourth quarter valued at about $7,395,000. Uniting Wealth Partners LLC purchased a new position in Invesco S&P MidCap Value with Momentum ETF in the 4th quarter valued at about $5,740,000. Ameriprise Financial Inc. boosted its holdings in Invesco S&P MidCap Value with Momentum ETF by 67.3% in the 4th quarter. Ameriprise Financial Inc. now owns 180,023 shares of the company’s stock worth $9,977,000 after buying an additional 72,414 shares during the last quarter. World Investment Advisors purchased a new stake in Invesco S&P MidCap Value with Momentum ETF during the 4th quarter worth approximately $931,000. Finally, LPL Financial LLC increased its stake in Invesco S&P MidCap Value with Momentum ETF by 3.7% during the 4th quarter. LPL Financial LLC now owns 413,796 shares of the company’s stock worth $22,933,000 after buying an additional 14,870 shares in the last quarter.

Invesco S&P MidCap Value with Momentum ETF Price Performance

NYSEARCA XMVM opened at $54.61 on Friday. The stock’s 50 day simple moving average is $52.09 and its 200-day simple moving average is $54.90. The company has a market cap of $256.67 million, a PE ratio of 11.95 and a beta of 1.10. Invesco S&P MidCap Value with Momentum ETF has a 1-year low of $45.68 and a 1-year high of $62.50.

Invesco S&P MidCap Value with Momentum ETF Profile

The Invesco S&P MidCap Value with Momentum ETF (XMVM) is an exchange-traded fund that is based on the S&P Midcap 400 High Momentum Value index. The fund tracks a value-weighted index of S&P 400 MidCap stocks selected by value and momentum. XMVM was launched on Mar 3, 2005 and is managed by Invesco.