Good Life Advisors LLC Trims Holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Good Life Advisors LLC cut its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 44.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,023 shares of the company’s stock after selling 1,611 shares during the quarter. Good Life Advisors LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XMMO. Sanctuary Advisors LLC bought a new position in Invesco S&P MidCap Momentum ETF in the 3rd quarter worth about $318,000. JPMorgan Chase & Co. boosted its stake in Invesco S&P MidCap Momentum ETF by 4,307.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,680 shares of the company’s stock worth $7,181,000 after purchasing an additional 58,326 shares in the last quarter. Mutual Advisors LLC boosted its stake in Invesco S&P MidCap Momentum ETF by 17.5% in the 4th quarter. Mutual Advisors LLC now owns 2,598 shares of the company’s stock worth $335,000 after purchasing an additional 386 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Invesco S&P MidCap Momentum ETF by 5.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 13,008 shares of the company’s stock worth $1,565,000 after purchasing an additional 673 shares in the last quarter. Finally, Brookstone Capital Management boosted its stake in Invesco S&P MidCap Momentum ETF by 21.1% in the 4th quarter. Brookstone Capital Management now owns 2,745 shares of the company’s stock worth $339,000 after purchasing an additional 479 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Price Performance

Shares of Invesco S&P MidCap Momentum ETF stock opened at $120.98 on Friday. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12. The firm’s 50-day moving average is $127.56 and its 200 day moving average is $124.32. Invesco S&P MidCap Momentum ETF has a 1 year low of $103.26 and a 1 year high of $137.14.

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.