BNB Wealth Management LLC Makes New Investment in Invesco S&P MidCap Momentum ETF $XMMO

BNB Wealth Management LLC acquired a new position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,438 shares of the company’s stock, valued at approximately $2,414,000. Invesco S&P MidCap Momentum ETF accounts for about 1.6% of BNB Wealth Management LLC’s holdings, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the business. LPL Financial LLC lifted its position in shares of Invesco S&P MidCap Momentum ETF by 11.4% during the fourth quarter. LPL Financial LLC now owns 3,472,670 shares of the company’s stock worth $480,826,000 after purchasing an additional 355,614 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Invesco S&P MidCap Momentum ETF by 11.3% during the fourth quarter. Cetera Investment Advisers now owns 1,251,835 shares of the company’s stock worth $173,329,000 after purchasing an additional 127,090 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Invesco S&P MidCap Momentum ETF by 13.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,058,740 shares of the company’s stock worth $146,593,000 after purchasing an additional 125,898 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco S&P MidCap Momentum ETF by 9.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 927,629 shares of the company’s stock worth $128,440,000 after purchasing an additional 76,532 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of Invesco S&P MidCap Momentum ETF by 9.8% during the third quarter. Raymond James Financial Inc. now owns 733,206 shares of the company’s stock worth $99,151,000 after purchasing an additional 65,436 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Trading Down 0.3%

NYSEARCA:XMMO opened at $169.71 on Thursday. Invesco S&P MidCap Momentum ETF has a twelve month low of $123.58 and a twelve month high of $173.24. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 22.06 and a beta of 1.08. The stock has a fifty day simple moving average of $163.08 and a 200-day simple moving average of $150.28.

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.