Maridea Wealth Management LLC Buys Shares of 2,115 Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Maridea Wealth Management LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the fourth quarter, Holdings Channel.com reports. The fund purchased 2,115 shares of the company’s stock, valued at approximately $261,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Level Four Advisory Services LLC raised its stake in Invesco S&P MidCap Momentum ETF by 4.1% in the 4th quarter. Level Four Advisory Services LLC now owns 55,467 shares of the company’s stock valued at $6,852,000 after acquiring an additional 2,168 shares during the period. Orion Portfolio Solutions LLC raised its position in shares of Invesco S&P MidCap Momentum ETF by 14,523.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 491,189 shares of the company’s stock valued at $60,677,000 after purchasing an additional 487,830 shares during the period. Blair William & Co. IL raised its position in shares of Invesco S&P MidCap Momentum ETF by 90.3% in the fourth quarter. Blair William & Co. IL now owns 2,855 shares of the company’s stock valued at $353,000 after purchasing an additional 1,355 shares during the period. AssuredPartners Investment Advisors LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter valued at approximately $3,352,000. Finally, Arlington Capital Management Inc. bought a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter worth approximately $298,000.

Invesco S&P MidCap Momentum ETF Price Performance

Shares of XMMO stock opened at $113.12 on Friday. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 16.76 and a beta of 1.04. The company’s fifty day simple moving average is $122.97 and its two-hundred day simple moving average is $124.66. Invesco S&P MidCap Momentum ETF has a 1 year low of $105.77 and a 1 year high of $137.14.

Invesco S&P MidCap Momentum ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.3006 per share. This is a positive change from Invesco S&P MidCap Momentum ETF’s previous dividend of $0.05. The ex-dividend date of this dividend was 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.