Verde Capital Management lessened its holdings in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) by 7.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,484 shares of the company’s stock after selling 1,346 shares during the quarter. Verde Capital Management’s holdings in Invesco S&P MidCap Momentum ETF were worth $2,036,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XMMO. Newbridge Financial Services Group Inc. acquired a new stake in shares of Invesco S&P MidCap Momentum ETF during the second quarter worth about $26,000. Howe & Rusling Inc. acquired a new stake in Invesco S&P MidCap Momentum ETF during the 3rd quarter worth approximately $30,000. NBC Securities Inc. boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 83.7% in the third quarter. NBC Securities Inc. now owns 461 shares of the company’s stock valued at $55,000 after buying an additional 210 shares during the period. Investors Research Corp boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 127.2% in the third quarter. Investors Research Corp now owns 718 shares of the company’s stock valued at $86,000 after buying an additional 402 shares during the period. Finally, Lion Street Advisors LLC bought a new position in Invesco S&P MidCap Momentum ETF during the 3rd quarter worth about $200,000.
Invesco S&P MidCap Momentum ETF Stock Down 0.3 %
NYSEARCA:XMMO opened at $132.59 on Friday. Invesco S&P MidCap Momentum ETF has a twelve month low of $92.01 and a twelve month high of $137.14. The business has a 50 day moving average price of $129.09 and a two-hundred day moving average price of $122.38. The company has a market cap of $2.59 billion, a P/E ratio of 19.24 and a beta of 1.12.
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.
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Want to see what other hedge funds are holding XMMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report).
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