LPL Financial LLC Acquires 934,570 Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

LPL Financial LLC lifted its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 53.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,679,516 shares of the company’s stock after purchasing an additional 934,570 shares during the period. LPL Financial LLC owned about 13.69% of Invesco S&P MidCap Momentum ETF worth $331,001,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of XMMO. Sanctuary Advisors LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF during the 3rd quarter worth approximately $318,000. Steward Partners Investment Advisory LLC boosted its stake in Invesco S&P MidCap Momentum ETF by 62.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,547 shares of the company’s stock worth $685,000 after purchasing an additional 2,125 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 4,307.7% during the third quarter. JPMorgan Chase & Co. now owns 59,680 shares of the company’s stock valued at $7,181,000 after buying an additional 58,326 shares during the last quarter. Truist Financial Corp acquired a new position in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter valued at about $307,000. Finally, Assetmark Inc. increased its holdings in Invesco S&P MidCap Momentum ETF by 459.4% in the 4th quarter. Assetmark Inc. now owns 744 shares of the company’s stock worth $92,000 after buying an additional 611 shares during the period.

Invesco S&P MidCap Momentum ETF Trading Down 0.6 %

XMMO opened at $114.97 on Monday. The firm has a 50 day moving average of $124.07 and a two-hundred day moving average of $124.59. Invesco S&P MidCap Momentum ETF has a 12-month low of $105.77 and a 12-month high of $137.14. The firm has a market capitalization of $3.49 billion, a PE ratio of 16.76 and a beta of 1.04.

About Invesco S&P MidCap Momentum ETF

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.