Uniting Wealth Partners LLC Invests $5.74 Million in Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM)

Uniting Wealth Partners LLC acquired a new stake in shares of Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 103,572 shares of the company’s stock, valued at approximately $5,740,000. Invesco S&P MidCap Value with Momentum ETF comprises about 2.8% of Uniting Wealth Partners LLC’s investment portfolio, making the stock its 8th biggest position. Uniting Wealth Partners LLC owned about 2.51% of Invesco S&P MidCap Value with Momentum ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp grew its holdings in shares of Invesco S&P MidCap Value with Momentum ETF by 245.1% during the fourth quarter. Jones Financial Companies Lllp now owns 5,759 shares of the company’s stock valued at $319,000 after buying an additional 4,090 shares during the last quarter. Ameritas Advisory Services LLC lifted its position in Invesco S&P MidCap Value with Momentum ETF by 5.2% in the 4th quarter. Ameritas Advisory Services LLC now owns 42,792 shares of the company’s stock valued at $2,372,000 after acquiring an additional 2,118 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Invesco S&P MidCap Value with Momentum ETF by 0.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 91,515 shares of the company’s stock valued at $5,072,000 after purchasing an additional 444 shares during the last quarter. Parcion Private Wealth LLC purchased a new stake in Invesco S&P MidCap Value with Momentum ETF during the 4th quarter valued at $224,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Invesco S&P MidCap Value with Momentum ETF in the 4th quarter worth $7,395,000.

Invesco S&P MidCap Value with Momentum ETF Price Performance

Shares of NYSEARCA:XMVM opened at $53.87 on Thursday. Invesco S&P MidCap Value with Momentum ETF has a 1 year low of $50.04 and a 1 year high of $62.50. The company has a market cap of $249.96 million, a P/E ratio of 11.44 and a beta of 1.20. The stock’s fifty day moving average price is $55.28 and its 200-day moving average price is $56.42.

Invesco S&P MidCap Value with Momentum ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.3854 per share. The ex-dividend date was Monday, March 24th. This is a boost from Invesco S&P MidCap Value with Momentum ETF’s previous dividend of $0.16.

About Invesco S&P MidCap Value with Momentum ETF

The Invesco S&P MidCap Value with Momentum ETF (XMVM) is an exchange-traded fund that is based on the S&P Midcap 400 High Momentum Value index. The fund tracks a value-weighted index of S&P 400 MidCap stocks selected by value and momentum. XMVM was launched on Mar 3, 2005 and is managed by Invesco.