Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Stake Boosted by Cetera Investment Advisers

Cetera Investment Advisers raised its position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 432.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 616,435 shares of the company’s stock after buying an additional 500,684 shares during the quarter. Cetera Investment Advisers owned 3.15% of Invesco S&P MidCap Momentum ETF worth $76,148,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in XMMO. Meridian Financial LLC lifted its stake in Invesco S&P MidCap Momentum ETF by 3.2% in the 4th quarter. Meridian Financial LLC now owns 3,250 shares of the company’s stock worth $401,000 after acquiring an additional 100 shares in the last quarter. Advisory Alpha LLC boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 6.4% during the fourth quarter. Advisory Alpha LLC now owns 1,850 shares of the company’s stock worth $229,000 after purchasing an additional 112 shares during the period. PNC Financial Services Group Inc. increased its stake in Invesco S&P MidCap Momentum ETF by 4.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,828 shares of the company’s stock valued at $349,000 after buying an additional 113 shares during the period. First Command Advisory Services Inc. lifted its position in Invesco S&P MidCap Momentum ETF by 30.0% in the 4th quarter. First Command Advisory Services Inc. now owns 658 shares of the company’s stock worth $81,000 after buying an additional 152 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 62.7% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 415 shares of the company’s stock valued at $51,000 after buying an additional 160 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Down 0.8 %

Invesco S&P MidCap Momentum ETF stock opened at $118.47 on Wednesday. Invesco S&P MidCap Momentum ETF has a 12 month low of $97.50 and a 12 month high of $137.14. The company’s fifty day simple moving average is $113.13 and its 200-day simple moving average is $122.81. The stock has a market cap of $3.51 billion, a P/E ratio of 18.80 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.