Signature Estate & Investment Advisors LLC Purchases 1,350 Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Signature Estate & Investment Advisors LLC boosted its position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 19.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,188 shares of the company’s stock after acquiring an additional 1,350 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $1,012,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of Invesco S&P MidCap Momentum ETF by 53.6% in the fourth quarter. LPL Financial LLC now owns 2,679,516 shares of the company’s stock valued at $331,001,000 after purchasing an additional 934,570 shares during the period. Raymond James Financial Inc. bought a new stake in Invesco S&P MidCap Momentum ETF during the 4th quarter valued at $66,383,000. Mainstay Capital Management LLC ADV purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth $35,394,000. Principal Securities Inc. boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 918.3% in the fourth quarter. Principal Securities Inc. now owns 248,852 shares of the company’s stock worth $30,741,000 after acquiring an additional 224,413 shares during the period. Finally, Win Advisors Inc. purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter valued at $12,249,000.

Invesco S&P MidCap Momentum ETF Stock Performance

NYSEARCA:XMMO opened at $118.31 on Wednesday. The business’s fifty day moving average is $123.81 and its 200 day moving average is $124.68. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 16.76 and a beta of 1.04. Invesco S&P MidCap Momentum ETF has a 52-week low of $105.77 and a 52-week high of $137.14.

Invesco S&P MidCap Momentum ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be issued a $0.3006 dividend. This is an increase from Invesco S&P MidCap Momentum ETF’s previous dividend of $0.05. The ex-dividend date of this dividend is Monday, March 24th.

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.