Diversified Enterprises LLC Cuts Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Diversified Enterprises LLC trimmed its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,702 shares of the company’s stock after selling 481 shares during the period. Diversified Enterprises LLC owned 0.10% of Invesco S&P MidCap Momentum ETF worth $2,310,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in shares of Invesco S&P MidCap Momentum ETF in the third quarter worth approximately $318,000. Steward Partners Investment Advisory LLC increased its stake in shares of Invesco S&P MidCap Momentum ETF by 62.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,547 shares of the company’s stock worth $685,000 after buying an additional 2,125 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Invesco S&P MidCap Momentum ETF by 4,307.7% in the third quarter. JPMorgan Chase & Co. now owns 59,680 shares of the company’s stock worth $7,181,000 after purchasing an additional 58,326 shares during the period. Truist Financial Corp acquired a new position in Invesco S&P MidCap Momentum ETF in the fourth quarter worth $307,000. Finally, Mutual Advisors LLC boosted its holdings in Invesco S&P MidCap Momentum ETF by 17.5% in the fourth quarter. Mutual Advisors LLC now owns 2,598 shares of the company’s stock worth $335,000 after purchasing an additional 386 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Up 2.8 %

Shares of NYSEARCA XMMO opened at $114.00 on Friday. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $105.77 and a fifty-two week high of $137.14. The firm’s 50-day simple moving average is $125.08 and its 200 day simple moving average is $124.52. The stock has a market cap of $3.46 billion, a P/E ratio of 16.76 and a beta of 1.04.

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.