Independent Wealth Network Inc. Boosts Stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Independent Wealth Network Inc. lifted its holdings in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 118.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,200 shares of the company’s stock after buying an additional 3,903 shares during the period. Independent Wealth Network Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $889,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. AQR Capital Management LLC purchased a new stake in Invesco S&P MidCap Momentum ETF in the 2nd quarter valued at approximately $1,246,000. Creative Planning increased its position in Invesco S&P MidCap Momentum ETF by 7.4% during the 2nd quarter. Creative Planning now owns 8,077 shares of the company’s stock worth $921,000 after purchasing an additional 559 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco S&P MidCap Momentum ETF by 2.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 321,240 shares of the company’s stock valued at $36,619,000 after purchasing an additional 7,717 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 11.6% during the 2nd quarter. NewEdge Advisors LLC now owns 42,176 shares of the company’s stock worth $4,808,000 after purchasing an additional 4,396 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Invesco S&P MidCap Momentum ETF during the 2nd quarter worth about $607,000.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of XMMO opened at $132.93 on Thursday. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a 1 year low of $92.01 and a 1 year high of $137.14. The company’s 50 day simple moving average is $129.03 and its 200 day simple moving average is $122.31.

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.