Signature Estate & Investment Advisors LLC Trims Holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Signature Estate & Investment Advisors LLC trimmed its position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 21.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,838 shares of the company’s stock after selling 1,904 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its position in shares of Invesco S&P MidCap Momentum ETF by 39.2% in the first quarter. Janney Montgomery Scott LLC now owns 7,416 shares of the company’s stock worth $852,000 after acquiring an additional 2,089 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of Invesco S&P MidCap Momentum ETF by 25.7% in the first quarter. Osaic Holdings Inc. now owns 199,563 shares of the company’s stock worth $22,931,000 after acquiring an additional 40,798 shares during the last quarter. Capital Wealth Alliance LLC acquired a new stake in shares of Invesco S&P MidCap Momentum ETF in the first quarter worth approximately $207,000. Commonwealth Financial Services LLC boosted its position in shares of Invesco S&P MidCap Momentum ETF by 5.2% in the first quarter. Commonwealth Financial Services LLC now owns 9,549 shares of the company’s stock worth $1,097,000 after acquiring an additional 470 shares during the last quarter. Finally, BOKF NA acquired a new stake in shares of Invesco S&P MidCap Momentum ETF in the first quarter worth approximately $65,000.

Invesco S&P MidCap Momentum ETF Stock Down 0.7 %

Shares of XMMO stock opened at $127.90 on Friday. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $81.53 and a fifty-two week high of $132.39. The firm’s 50 day moving average price is $121.97 and its two-hundred day moving average price is $117.25.

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.