Invesco S&P MidCap Momentum ETF $XMMO Stake Raised by Sonoma Allocations LLC

Sonoma Allocations LLC boosted its holdings in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 55.1% in the first quarter, HoldingsChannel reports. The fund owned 19,230 shares of the company’s stock after buying an additional 6,832 shares during the quarter. Invesco S&P MidCap Momentum ETF accounts for 1.0% of Sonoma Allocations LLC’s portfolio, making the stock its 21st biggest holding. Sonoma Allocations LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $2,844,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of XMMO. NewEdge Advisors LLC increased its stake in Invesco S&P MidCap Momentum ETF by 36.2% in the 1st quarter. NewEdge Advisors LLC now owns 61,308 shares of the company’s stock valued at $8,891,000 after buying an additional 16,281 shares during the period. Bank of America Corp DE boosted its position in Invesco S&P MidCap Momentum ETF by 13.4% during the first quarter. Bank of America Corp DE now owns 785,643 shares of the company’s stock valued at $113,934,000 after purchasing an additional 92,770 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in Invesco S&P MidCap Momentum ETF in the first quarter valued at about $158,000. Royal Bank of Canada grew its stake in Invesco S&P MidCap Momentum ETF by 45.9% in the first quarter. Royal Bank of Canada now owns 372,930 shares of the company’s stock valued at $54,082,000 after purchasing an additional 117,316 shares in the last quarter. Finally, Gateway Wealth Partners LLC purchased a new position in Invesco S&P MidCap Momentum ETF in the first quarter valued at about $548,000.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of NYSEARCA XMMO opened at $153.95 on Friday. The business has a 50 day simple moving average of $164.75 and a 200 day simple moving average of $155.33. Invesco S&P MidCap Momentum ETF has a 52 week low of $126.64 and a 52 week high of $173.94. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 22.06 and a beta of 1.08.

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.