Kovack Advisors Inc. Has $4.13 Million Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Kovack Advisors Inc. lessened its position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,418 shares of the company’s stock after selling 997 shares during the period. Kovack Advisors Inc. owned approximately 0.17% of Invesco S&P MidCap Momentum ETF worth $4,128,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Nwam LLC increased its stake in Invesco S&P MidCap Momentum ETF by 7.2% in the fourth quarter. Nwam LLC now owns 28,592 shares of the company’s stock valued at $3,532,000 after purchasing an additional 1,929 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth $422,000. Kellett Wealth Advisors LLC increased its position in shares of Invesco S&P MidCap Momentum ETF by 4.6% during the fourth quarter. Kellett Wealth Advisors LLC now owns 30,295 shares of the company’s stock worth $3,742,000 after acquiring an additional 1,328 shares in the last quarter. Transcendent Capital Group LLC increased its position in shares of Invesco S&P MidCap Momentum ETF by 2,689.5% during the fourth quarter. Transcendent Capital Group LLC now owns 530 shares of the company’s stock worth $65,000 after acquiring an additional 511 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth $35,394,000.

Invesco S&P MidCap Momentum ETF Stock Up 1.0 %

Shares of XMMO stock opened at $122.35 on Thursday. The firm has a fifty day moving average of $127.16 and a 200-day moving average of $124.61. Invesco S&P MidCap Momentum ETF has a 12-month low of $104.48 and a 12-month high of $137.14. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 19.06 and a beta of 1.03.

Invesco S&P MidCap Momentum ETF Company 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.