Avantax Advisory Services Inc. Has $8.32 Million Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Avantax Advisory Services Inc. boosted its position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 8.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,327 shares of the company’s stock after buying an additional 5,285 shares during the quarter. Avantax Advisory Services Inc. owned approximately 0.34% of Invesco S&P MidCap Momentum ETF worth $8,317,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of XMMO. Howe & Rusling Inc. bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the third quarter worth $30,000. Synergy Investment Management LLC bought a new position in Invesco S&P MidCap Momentum ETF in the fourth quarter valued at approximately $49,000. Transcendent Capital Group LLC grew its holdings in Invesco S&P MidCap Momentum ETF by 2,689.5% during the 4th quarter. Transcendent Capital Group LLC now owns 530 shares of the company’s stock worth $65,000 after acquiring an additional 511 shares during the period. Richardson Financial Services Inc. bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter valued at $70,000. Finally, First Command Advisory Services Inc. lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 30.0% in the 4th quarter. First Command Advisory Services Inc. now owns 658 shares of the company’s stock valued at $81,000 after purchasing an additional 152 shares during the period.

Invesco S&P MidCap Momentum ETF Trading Down 1.9 %

NYSEARCA:XMMO opened at $110.90 on Friday. Invesco S&P MidCap Momentum ETF has a 1-year low of $105.77 and a 1-year high of $137.14. The business’s 50-day moving average price is $125.32 and its two-hundred day moving average price is $124.56. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 19.06 and a beta of 1.03.

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.