Invesco S&P MidCap Momentum ETF $XMMO Position Lowered by Belpointe Asset Management LLC

Belpointe Asset Management LLC trimmed its position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 55.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,991 shares of the company’s stock after selling 18,647 shares during the period. Belpointe Asset Management LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $1,928,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Calton & Associates Inc. acquired a new position in shares of Invesco S&P MidCap Momentum ETF in the 1st quarter worth approximately $27,000. Hazlett Burt & Watson Inc. lifted its stake in Invesco S&P MidCap Momentum ETF by 41.5% during the first quarter. Hazlett Burt & Watson Inc. now owns 539 shares of the company’s stock worth $60,000 after purchasing an additional 158 shares during the last quarter. Hoey Investments Inc. acquired a new position in Invesco S&P MidCap Momentum ETF in the first quarter worth $66,000. Capital Analysts LLC increased its stake in Invesco S&P MidCap Momentum ETF by 17.4% during the first quarter. Capital Analysts LLC now owns 742 shares of the company’s stock valued at $84,000 after purchasing an additional 110 shares during the last quarter. Finally, Wood Tarver Financial Group LLC raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 18.4% during the first quarter. Wood Tarver Financial Group LLC now owns 919 shares of the company’s stock worth $105,000 after purchasing an additional 143 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Performance

Invesco S&P MidCap Momentum ETF stock opened at $135.95 on Tuesday. Invesco S&P MidCap Momentum ETF has a 1 year low of $97.50 and a 1 year high of $137.14. The firm’s 50-day moving average is $132.51 and its 200-day moving average is $125.18. The company has a market cap of $4.66 billion, a P/E ratio of 22.06 and a beta of 1.01.

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.