Hoey Investments Inc. acquired a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) in the 1st quarter, Holdings Channel reports. The firm acquired 580 shares of the company’s stock, valued at approximately $66,000.
Other hedge funds also recently modified their holdings of the company. Southland Equity Partners LLC increased its stake in Invesco S&P MidCap Momentum ETF by 2.7% during the 1st quarter. Southland Equity Partners LLC now owns 17,064 shares of the company’s stock valued at $1,941,000 after purchasing an additional 445 shares in the last quarter. Foresight Capital Management Advisors Inc. purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the 1st quarter worth about $2,039,000. Redhawk Wealth Advisors Inc. boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 325.2% in the 1st quarter. Redhawk Wealth Advisors Inc. now owns 37,381 shares of the company’s stock worth $4,252,000 after buying an additional 28,590 shares during the last quarter. Crescent Sterling Ltd. purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the 1st quarter worth about $228,000. Finally, Farther Finance Advisors LLC raised its stake in Invesco S&P MidCap Momentum ETF by 222.3% in the 1st quarter. Farther Finance Advisors LLC now owns 2,198 shares of the company’s stock valued at $253,000 after acquiring an additional 1,516 shares during the period.
Invesco S&P MidCap Momentum ETF Stock Performance
Shares of Invesco S&P MidCap Momentum ETF stock opened at $123.97 on Friday. Invesco S&P MidCap Momentum ETF has a 52-week low of $97.50 and a 52-week high of $137.14. The stock’s 50-day simple moving average is $118.83 and its 200 day simple moving average is $122.28. The stock has a market capitalization of $3.76 billion, a P/E ratio of 20.45 and a beta of 1.05.
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.
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