Breakwater Capital Group Acquires 3,415 Shares of Invesco S&P MidCap Momentum ETF $XMMO

Breakwater Capital Group increased its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 14.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,284 shares of the company’s stock after buying an additional 3,415 shares during the period. Breakwater Capital Group’s holdings in Invesco S&P MidCap Momentum ETF were worth $3,812,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. 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 in the last quarter. Cetera Investment Advisers increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 11.3% in the fourth quarter. Cetera Investment Advisers now owns 1,251,835 shares of the company’s stock valued at $173,329,000 after purchasing an additional 127,090 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 13.5% in 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Invesco S&P MidCap Momentum ETF by 9.0% in the 4th 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. raised its position in Invesco S&P MidCap Momentum ETF by 14.2% in the 4th quarter. Raymond James Financial Inc. now owns 837,045 shares of the company’s stock worth $115,897,000 after purchasing an additional 103,839 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Stock Down 0.4%

Shares of XMMO opened at $168.96 on Thursday. The stock’s fifty day simple moving average is $164.83 and its 200-day simple moving average is $151.46. The firm has a market capitalization of $7.14 billion, a PE ratio of 22.06 and a beta of 1.08. Invesco S&P MidCap Momentum ETF has a 12-month low of $125.70 and a 12-month high of $173.94.

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.