Invesco S&P MidCap Momentum ETF $XMMO Shares Bought by Sound Income Strategies LLC

Sound Income Strategies LLC raised its position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 19.9% during the 1st quarter, Holdings Channel reports. The firm owned 80,255 shares of the company’s stock after buying an additional 13,339 shares during the quarter. Sound Income Strategies LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $11,854,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Optima Capital LLC acquired a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $26,000. Realta Investment Advisors purchased a new stake in Invesco S&P MidCap Momentum ETF in the fourth quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB acquired a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter worth approximately $28,000. AlphaCore Capital LLC acquired a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter worth approximately $34,000. Finally, Park Square Financial Group LLC purchased a new position in Invesco S&P MidCap Momentum ETF during the 4th quarter worth approximately $36,000.

Invesco S&P MidCap Momentum ETF Trading Down 1.7%

Shares of NYSEARCA XMMO opened at $163.14 on Friday. Invesco S&P MidCap Momentum ETF has a 12 month low of $126.64 and a 12 month high of $173.94. The company has a 50 day simple moving average of $166.00 and a two-hundred day simple moving average of $152.64. The stock has a market cap of $7.56 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.