Investors Research Corp Boosts Stock Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Investors Research Corp raised its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 50.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,079 shares of the company’s stock after purchasing an additional 361 shares during the period. Investors Research Corp’s holdings in Invesco S&P MidCap Momentum ETF were worth $133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Independent Advisor Alliance purchased a new position in Invesco S&P MidCap Momentum ETF in the fourth quarter valued at about $3,280,000. Lowery Thomas LLC grew its stake in shares of Invesco S&P MidCap Momentum ETF by 4.6% during the fourth quarter. Lowery Thomas LLC now owns 28,182 shares of the company’s stock worth $3,481,000 after acquiring an additional 1,232 shares during the last quarter. Sowell Financial Services LLC grew its stake in shares of Invesco S&P MidCap Momentum ETF by 15.6% during the fourth quarter. Sowell Financial Services LLC now owns 12,625 shares of the company’s stock worth $1,560,000 after acquiring an additional 1,701 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Invesco S&P MidCap Momentum ETF by 4.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,828 shares of the company’s stock worth $349,000 after acquiring an additional 113 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $445,000.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of XMMO stock opened at $112.48 on Tuesday. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $105.77 and a fifty-two week high of $137.14. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 19.06 and a beta of 1.03. The stock’s 50-day simple moving average is $126.00 and its 200-day simple moving average is $124.78.

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.