Patten Group Inc. Cuts Stake in Invesco S&P MidCap Momentum ETF $XMMO

Patten Group Inc. lessened its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 4.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,418 shares of the company’s stock after selling 276 shares during the quarter. Patten Group Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $826,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Calton & Associates Inc. purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 1st quarter valued at about $27,000. Hazlett Burt & Watson Inc. grew its position in Invesco S&P MidCap Momentum ETF by 41.5% in the first quarter. Hazlett Burt & Watson Inc. now owns 539 shares of the company’s stock valued at $60,000 after acquiring an additional 158 shares in the last quarter. Capital Analysts LLC raised its stake in shares of Invesco S&P MidCap Momentum ETF by 17.4% during the first quarter. Capital Analysts LLC now owns 742 shares of the company’s stock valued at $84,000 after purchasing an additional 110 shares during the period. Wood Tarver Financial Group LLC lifted its position in shares of Invesco S&P MidCap Momentum ETF by 18.4% during the first quarter. Wood Tarver Financial Group LLC now owns 919 shares of the company’s stock worth $105,000 after purchasing an additional 143 shares in the last quarter. Finally, First Command Advisory Services Inc. lifted its position in shares of Invesco S&P MidCap Momentum ETF by 63.2% during the first quarter. First Command Advisory Services Inc. now owns 1,074 shares of the company’s stock worth $122,000 after purchasing an additional 416 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Trading Down 1.4%

XMMO opened at $133.17 on Thursday. The company has a fifty day simple moving average of $133.62 and a 200 day simple moving average of $126.77. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 22.06 and a beta of 1.01. Invesco S&P MidCap Momentum ETF has a twelve month low of $97.50 and a twelve month high of $137.57.

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.