Independent Financial Group LLC Acquires New Holdings in Invesco S&P MidCap Momentum ETF $XMMO

Independent Financial Group LLC bought a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 18,232 shares of the company’s stock, valued at approximately $2,644,000.

Other large investors have also added to or reduced their stakes in the company. Optima Capital LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter valued at about $26,000. Realta Investment Advisors purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter worth approximately $28,000. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter worth approximately $28,000. AlphaCore Capital LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter worth approximately $34,000. Finally, Park Square Financial Group LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter worth approximately $36,000.

Invesco S&P MidCap Momentum ETF Stock Down 0.5%

NYSEARCA:XMMO opened at $157.08 on Friday. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 22.06 and a beta of 1.08. Invesco S&P MidCap Momentum ETF has a 52 week low of $126.64 and a 52 week high of $173.94. The firm has a 50 day moving average of $165.97 and a 200 day moving average of $154.14.

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.