Principle Wealth Partners LLC Buys 24,507 Shares of Invesco S&P MidCap Momentum ETF $XMMO

Principle Wealth Partners LLC lifted its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 171.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,776 shares of the company’s stock after purchasing an additional 24,507 shares during the period. Principle Wealth Partners LLC owned about 0.10% of Invesco S&P MidCap Momentum ETF worth $5,369,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Axxcess Wealth Management LLC grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 1,552.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 122,216 shares of the company’s stock worth $16,922,000 after purchasing an additional 114,822 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 18.8% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 37,901 shares of the company’s stock worth $5,248,000 after purchasing an additional 6,006 shares during the last quarter. Northbridge Financial Group LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter worth about $2,299,000. Creative Financial Designs Inc. ADV lifted its stake in Invesco S&P MidCap Momentum ETF by 9.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 27,890 shares of the company’s stock worth $3,862,000 after acquiring an additional 2,365 shares during the period. Finally, HighTower Advisors LLC lifted its stake in Invesco S&P MidCap Momentum ETF by 353.6% in the fourth quarter. HighTower Advisors LLC now owns 251,672 shares of the company’s stock worth $34,847,000 after acquiring an additional 196,188 shares during the period.

Invesco S&P MidCap Momentum ETF Price Performance

NYSEARCA:XMMO opened at $164.80 on Friday. Invesco S&P MidCap Momentum ETF has a 1-year low of $120.83 and a 1-year high of $170.16. The company has a 50-day moving average of $154.85 and a 200 day moving average of $146.02. The firm has a market cap of $6.96 billion, a PE 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.