Northwestern Mutual Wealth Management Co. decreased its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) by 59.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 348,532 shares of the company’s stock after selling 502,565 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.94% of Invesco S&P MidCap Momentum ETF worth $48,258,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Optima Capital LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $26,000. Realta Investment Advisors bought a new position in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $28,000. Eagle Bay Advisors LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $39,000. Dunhill Financial LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $42,000. Finally, Greykasell Wealth Strategies Inc. bought a new position in shares of Invesco S&P MidCap Momentum ETF in the 3rd quarter valued at about $43,000.
Invesco S&P MidCap Momentum ETF Trading Down 1.8%
Shares of NYSEARCA:XMMO opened at $160.86 on Tuesday. Invesco S&P MidCap Momentum ETF has a 12 month low of $120.83 and a 12 month high of $170.16. The company has a 50-day moving average price of $153.51 and a 200 day moving average price of $145.35. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 22.06 and a beta of 1.09.
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.
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