Commonwealth Financial Services LLC Grows Stock Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Commonwealth Financial Services LLC grew its position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 61.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 50,529 shares of the company’s stock after buying an additional 19,267 shares during the quarter. Invesco S&P MidCap Momentum ETF makes up about 1.2% of Commonwealth Financial Services LLC’s portfolio, making the stock its 27th largest holding. Commonwealth Financial Services LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $6,242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC lifted its position in Invesco S&P MidCap Momentum ETF by 19.3% during the third quarter. LPL Financial LLC now owns 1,744,946 shares of the company’s stock worth $209,969,000 after buying an additional 282,112 shares in the last quarter. Affinity Wealth Management LLC grew its stake in Invesco S&P MidCap Momentum ETF by 1.5% during the 3rd quarter. Affinity Wealth Management LLC now owns 253,773 shares of the company’s stock worth $30,537,000 after purchasing an additional 3,810 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in Invesco S&P MidCap Momentum ETF by 28.5% during the 4th quarter. Foundations Investment Advisors LLC now owns 216,405 shares of the company’s stock worth $26,732,000 after purchasing an additional 47,969 shares in the last quarter. Great Valley Advisor Group Inc. grew its stake in Invesco S&P MidCap Momentum ETF by 3.4% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 186,324 shares of the company’s stock worth $22,420,000 after purchasing an additional 6,111 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in Invesco S&P MidCap Momentum ETF by 24.3% during the 3rd quarter. MML Investors Services LLC now owns 164,742 shares of the company’s stock worth $19,823,000 after purchasing an additional 32,173 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Price Performance

Shares of NYSEARCA XMMO opened at $129.26 on Tuesday. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12. The business has a 50-day moving average of $129.20 and a two-hundred day moving average of $123.17. Invesco S&P MidCap Momentum ETF has a 1 year low of $95.80 and a 1 year high of $137.14.

Invesco S&P MidCap Momentum ETF Company 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.