Bank of America Corp DE Has $113.93 Million Position in Invesco S&P MidCap Momentum ETF $XMMO

Bank of America Corp DE lifted its holdings in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 13.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 785,643 shares of the company’s stock after purchasing an additional 92,770 shares during the period. Bank of America Corp DE owned 1.86% of Invesco S&P MidCap Momentum ETF worth $113,934,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XMMO. LPL Financial LLC increased its position in Invesco S&P MidCap Momentum ETF by 11.4% in the 4th quarter. LPL Financial LLC now owns 3,472,670 shares of the company’s stock valued at $480,826,000 after acquiring an additional 355,614 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Invesco S&P MidCap Momentum ETF by 9.2% during the first quarter. Cetera Investment Advisers now owns 1,367,490 shares of the company’s stock worth $198,313,000 after purchasing an additional 115,655 shares in the last quarter. Wells Fargo & Company MN grew its stake 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 valued at $146,593,000 after purchasing an additional 125,898 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake 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 valued at $128,440,000 after purchasing an additional 76,532 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 14.2% in the fourth quarter. Raymond James Financial Inc. now owns 837,045 shares of the company’s stock valued at $115,897,000 after purchasing an additional 103,839 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Price Performance

XMMO stock opened at $161.98 on Friday. The company has a 50 day moving average price of $163.69 and a 200 day moving average price of $155.91. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $128.83 and a fifty-two week high of $173.94. The stock has a market capitalization of $7.53 billion, a PE ratio of 22.06 and a beta of 1.09.

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.