Arlington Capital Management Inc. Makes New Investment in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Arlington Capital Management Inc. acquired a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the 4th quarter, Holdings Channel reports. The firm acquired 2,412 shares of the company’s stock, valued at approximately $298,000.

Other hedge funds have also recently made changes to their positions in the company. Synergy Investment Management LLC purchased a new stake in Invesco S&P MidCap Momentum ETF during the fourth quarter valued at $49,000. Transcendent Capital Group LLC lifted its holdings in shares of Invesco S&P MidCap Momentum ETF by 2,689.5% in the 4th quarter. Transcendent Capital Group LLC now owns 530 shares of the company’s stock valued at $65,000 after acquiring an additional 511 shares during the last quarter. Richardson Financial Services Inc. bought a new stake in Invesco S&P MidCap Momentum ETF during the fourth quarter worth approximately $70,000. First Command Advisory Services Inc. increased its stake in Invesco S&P MidCap Momentum ETF by 30.0% during the fourth quarter. First Command Advisory Services Inc. now owns 658 shares of the company’s stock worth $81,000 after acquiring an additional 152 shares during the last quarter. Finally, Assetmark Inc. raised its position in Invesco S&P MidCap Momentum ETF by 459.4% during the fourth quarter. Assetmark Inc. now owns 744 shares of the company’s stock valued at $92,000 after purchasing an additional 611 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of Invesco S&P MidCap Momentum ETF stock opened at $118.31 on Wednesday. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 16.76 and a beta of 1.04. The stock has a 50 day moving average price of $123.81 and a 200-day moving average price of $124.68. Invesco S&P MidCap Momentum ETF has a one year low of $105.77 and a one year high of $137.14.

Invesco S&P MidCap Momentum ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be given a dividend of $0.3006 per share. This is a boost from Invesco S&P MidCap Momentum ETF’s previous dividend of $0.05. The ex-dividend date of this dividend is Monday, March 24th.

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.