Pasadena Private Wealth LLC acquired a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 43,368 shares of the company’s stock, valued at approximately $5,357,000. Invesco S&P MidCap Momentum ETF accounts for 1.1% of Pasadena Private Wealth LLC’s investment portfolio, making the stock its 20th largest position.
Several other large investors have also recently made changes to their positions in the business. Raymond James & Associates grew its position in Invesco S&P MidCap Momentum ETF by 3.6% during the third quarter. Raymond James & Associates now owns 147,166 shares of the company’s stock valued at $17,709,000 after buying an additional 5,087 shares during the period. Calton & Associates Inc. bought a new position in shares of Invesco S&P MidCap Momentum ETF during the 3rd quarter valued at approximately $342,000. Private Advisor Group LLC raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 27.1% in the 3rd quarter. Private Advisor Group LLC now owns 127,456 shares of the company’s stock worth $15,337,000 after purchasing an additional 27,184 shares during the period. PSI Advisors LLC grew its holdings in Invesco S&P MidCap Momentum ETF by 23.1% during the third quarter. PSI Advisors LLC now owns 16,858 shares of the company’s stock valued at $2,028,000 after purchasing an additional 3,169 shares during the period. Finally, Commonwealth Financial Services LLC increased its position in Invesco S&P MidCap Momentum ETF by 218.6% in the third quarter. Commonwealth Financial Services LLC now owns 31,262 shares of the company’s stock worth $3,747,000 after buying an additional 21,449 shares during the last quarter.
Invesco S&P MidCap Momentum ETF Price Performance
Shares of XMMO opened at $129.04 on Wednesday. The firm has a market cap of $2.53 billion, a PE ratio of 19.24 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a 1 year low of $100.42 and a 1 year high of $137.14. The stock’s fifty day moving average price is $127.96 and its two-hundred day moving average price is $124.22.
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.
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