Avantax Advisory Services Inc. Has $8.32 Million Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Avantax Advisory Services Inc. lifted its holdings in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,327 shares of the company’s stock after purchasing an additional 5,285 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $8,317,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. PFG Advisors raised its position in shares of Invesco S&P MidCap Momentum ETF by 44.4% during the fourth quarter. PFG Advisors now owns 7,261 shares of the company’s stock worth $897,000 after purchasing an additional 2,232 shares during the period. HighTower Advisors LLC raised its position in Invesco S&P MidCap Momentum ETF by 146.3% in the 4th quarter. HighTower Advisors LLC now owns 62,672 shares of the company’s stock valued at $7,742,000 after buying an additional 37,226 shares during the last quarter. MY Wealth Management Inc. raised its position in Invesco S&P MidCap Momentum ETF by 6.0% in the 4th quarter. MY Wealth Management Inc. now owns 3,752 shares of the company’s stock valued at $463,000 after buying an additional 211 shares during the last quarter. Investors Research Corp raised its position in Invesco S&P MidCap Momentum ETF by 50.3% in the 4th quarter. Investors Research Corp now owns 1,079 shares of the company’s stock valued at $133,000 after buying an additional 361 shares during the last quarter. Finally, Independent Advisor Alliance acquired a new stake in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at approximately $3,280,000.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of Invesco S&P MidCap Momentum ETF stock opened at $110.90 on Friday. The business’s 50 day simple moving average is $125.32 and its 200 day simple moving average is $124.56. Invesco S&P MidCap Momentum ETF has a 52-week low of $105.77 and a 52-week high of $137.14. The firm has a market cap of $3.46 billion, a PE ratio of 19.06 and a beta of 1.03.

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.