Invesco S&P MidCap Momentum ETF $XMMO Stock: Principle Wealth Partners LLC Grows Stake

Principle Wealth Partners LLC grew its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 12.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,966 shares of the company’s stock after acquiring an additional 7,578 shares during the period. Principle Wealth Partners LLC owned 0.14% of Invesco S&P MidCap Momentum ETF worth $9,974,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of XMMO. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF in the 3rd quarter worth $115,464,000. Commonwealth Equity Services LLC purchased a new position in Invesco S&P MidCap Momentum ETF during the third quarter valued at $53,586,000. Envestnet Asset Management Inc. lifted its position in Invesco S&P MidCap Momentum ETF by 22.0% during the second quarter. Envestnet Asset Management Inc. now owns 1,295,928 shares of the company’s stock valued at $220,489,000 after purchasing an additional 234,003 shares in the last quarter. Royal Bank of Canada grew its holdings in Invesco S&P MidCap Momentum ETF by 45.9% during 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 during the period. Finally, Cetera Investment Advisers grew its holdings in Invesco S&P MidCap Momentum ETF by 9.2% during the first quarter. Cetera Investment Advisers now owns 1,367,490 shares of the company’s stock valued at $198,313,000 after purchasing an additional 115,655 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Down 6.2%

Shares of XMMO opened at $126.16 on Friday. The business has a 50-day simple moving average of $145.60 and a two-hundred day simple moving average of $153.61. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 22.06 and a beta of 1.11. Invesco S&P MidCap Momentum ETF has a 52 week low of $126.03 and a 52 week high of $173.94.

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.