Brookstone Capital Management Boosts Stock Holdings in Invesco S&P MidCap Momentum ETF $XMMO

Brookstone Capital Management boosted its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 31.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,516 shares of the company’s stock after purchasing an additional 834 shares during the period. Brookstone Capital Management’s holdings in Invesco S&P MidCap Momentum ETF were worth $452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its position in Invesco S&P MidCap Momentum ETF by 27.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 806,591 shares of the company’s stock valued at $91,758,000 after purchasing an additional 173,649 shares during the period. Ameriprise Financial Inc. lifted its position in Invesco S&P MidCap Momentum ETF by 36.6% during the first quarter. Ameriprise Financial Inc. now owns 691,318 shares of the company’s stock valued at $78,662,000 after purchasing an additional 185,360 shares during the period. Raymond James Financial Inc. lifted its position in Invesco S&P MidCap Momentum ETF by 18.3% during the first quarter. Raymond James Financial Inc. now owns 635,822 shares of the company’s stock valued at $72,331,000 after purchasing an additional 98,438 shares during the period. Mainstay Capital Management LLC ADV lifted its position in Invesco S&P MidCap Momentum ETF by 102.3% during the second quarter. Mainstay Capital Management LLC ADV now owns 558,008 shares of the company’s stock valued at $71,777,000 after purchasing an additional 282,194 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in Invesco S&P MidCap Momentum ETF by 169.2% during the first quarter. Jones Financial Companies Lllp now owns 357,062 shares of the company’s stock valued at $40,619,000 after purchasing an additional 224,424 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Up 0.7%

Shares of Invesco S&P MidCap Momentum ETF stock opened at $138.39 on Tuesday. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 22.06 and a beta of 1.05. The company’s 50 day moving average is $134.02 and its 200 day moving average is $127.72. Invesco S&P MidCap Momentum ETF has a twelve month low of $97.50 and a twelve month high of $139.26.

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.