Flagship Wealth Advisors LLC acquired a new stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 40,469 shares of the company’s stock, valued at approximately $4,999,000. Invesco S&P MidCap Momentum ETF makes up about 2.9% of Flagship Wealth Advisors LLC’s portfolio, making the stock its 9th biggest position.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Howe & Rusling Inc. acquired a new position in Invesco S&P MidCap Momentum ETF during the third quarter valued at approximately $30,000. Synergy Investment Management LLC acquired a new position in Invesco S&P MidCap Momentum ETF during the fourth quarter valued at approximately $49,000. Transcendent Capital Group LLC grew its holdings in Invesco S&P MidCap Momentum ETF by 2,689.5% during the fourth quarter. Transcendent Capital Group LLC now owns 530 shares of the company’s stock valued at $65,000 after purchasing an additional 511 shares during the last quarter. Richardson Financial Services Inc. acquired a new position in Invesco S&P MidCap Momentum ETF during the fourth quarter valued at approximately $70,000. Finally, First Command Advisory Services Inc. grew its holdings in Invesco S&P MidCap Momentum ETF by 30.0% during the fourth quarter. First Command Advisory Services Inc. now owns 658 shares of the company’s stock valued at $81,000 after purchasing an additional 152 shares during the last quarter.
Invesco S&P MidCap Momentum ETF Trading Up 2.8 %
Shares of Invesco S&P MidCap Momentum ETF stock opened at $114.00 on Monday. The company’s fifty day simple moving average is $125.08 and its 200-day simple moving average is $124.62. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 16.76 and a beta of 1.04. 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 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.
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