Kovack Advisors Inc. Boosts Holdings in Invesco S&P MidCap Momentum ETF $XMMO

Kovack Advisors Inc. grew its position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,045 shares of the company’s stock after purchasing an additional 3,589 shares during the quarter. Kovack Advisors Inc. owned about 0.17% of Invesco S&P MidCap Momentum ETF worth $8,259,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in XMMO. Clear Creek Financial Management LLC raised its stake in Invesco S&P MidCap Momentum ETF by 65.3% in the third quarter. Clear Creek Financial Management LLC now owns 10,574 shares of the company’s stock valued at $1,430,000 after buying an additional 4,178 shares during the last quarter. Elevation Capital Advisory LLC increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 162.7% during the fourth quarter. Elevation Capital Advisory LLC now owns 29,671 shares of the company’s stock valued at $4,108,000 after acquiring an additional 18,378 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Invesco S&P MidCap Momentum ETF by 67.7% in the 4th quarter. Sound Income Strategies LLC now owns 66,916 shares of the company’s stock valued at $9,580,000 after purchasing an additional 27,024 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Invesco S&P MidCap Momentum ETF by 120.6% in the 4th quarter. Farther Finance Advisors LLC now owns 34,147 shares of the company’s stock worth $4,728,000 after purchasing an additional 18,669 shares in the last quarter. Finally, IFG Advisory LLC boosted its stake in Invesco S&P MidCap Momentum ETF by 203.0% in the 3rd quarter. IFG Advisory LLC now owns 9,517 shares of the company’s stock worth $1,287,000 after purchasing an additional 6,376 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Trading Up 4.3%

Shares of Invesco S&P MidCap Momentum ETF stock opened at $168.06 on Friday. The firm’s 50 day simple moving average is $161.27 and its two-hundred day simple moving average is $149.34. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 22.06 and a beta of 1.08. Invesco S&P MidCap Momentum ETF has a 12-month low of $123.44 and a 12-month high of $172.23.

Invesco S&P MidCap Momentum ETF 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.