Sovran Advisors LLC Acquires Shares of 15,504 Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Sovran Advisors LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,504 shares of the company’s stock, valued at approximately $1,950,000. Sovran Advisors LLC owned approximately 0.08% of Invesco S&P MidCap Momentum ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brookstone Capital Management acquired a new position in Invesco S&P MidCap Momentum ETF during the third quarter worth approximately $273,000. Redhawk Wealth Advisors Inc. raised its position in Invesco S&P MidCap Momentum ETF by 218.3% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 7,444 shares of the company’s stock valued at $896,000 after purchasing an additional 5,105 shares during the last quarter. Affinity Wealth Management LLC raised its position in Invesco S&P MidCap Momentum ETF by 1.5% in the 3rd quarter. Affinity Wealth Management LLC now owns 253,773 shares of the company’s stock valued at $30,537,000 after purchasing an additional 3,810 shares during the last quarter. NBC Securities Inc. grew its position in Invesco S&P MidCap Momentum ETF by 83.7% during the 3rd quarter. NBC Securities Inc. now owns 461 shares of the company’s stock worth $55,000 after purchasing an additional 210 shares during the last quarter. Finally, Good Life Advisors LLC purchased a new position in Invesco S&P MidCap Momentum ETF during the 3rd quarter worth $437,000.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of NYSEARCA:XMMO opened at $129.69 on Tuesday. Invesco S&P MidCap Momentum ETF has a one year low of $98.61 and a one year high of $137.14. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12. The company has a 50-day simple moving average of $128.69 and a 200-day simple moving average of $123.66.

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.