Mascagni Wealth Management Inc. Has $626,000 Position in Invesco S&P MidCap Momentum ETF $XMMO

Mascagni Wealth Management Inc. grew its holdings in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 116.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,864 shares of the company’s stock after buying an additional 2,613 shares during the quarter. Mascagni Wealth Management Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $626,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Golden State Wealth Management LLC bought a new stake in Invesco S&P MidCap Momentum ETF during the second quarter worth about $28,000. Briaud Financial Planning Inc acquired a new position in Invesco S&P MidCap Momentum ETF during the second quarter worth $29,000. Calton & Associates Inc. acquired a new stake in Invesco S&P MidCap Momentum ETF in the first quarter valued at $27,000. Hazlett Burt & Watson Inc. grew its position in shares of Invesco S&P MidCap Momentum ETF by 41.5% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 539 shares of the company’s stock valued at $60,000 after acquiring an additional 158 shares during the period. Finally, Capital Analysts LLC raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 17.4% in the 1st quarter. Capital Analysts LLC now owns 742 shares of the company’s stock valued at $84,000 after purchasing an additional 110 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Performance

Invesco S&P MidCap Momentum ETF stock opened at $136.39 on Thursday. The stock has a 50-day simple moving average of $134.73 and a 200 day simple moving average of $129.03. The stock has a market capitalization of $4.77 billion, a P/E ratio of 22.06 and a beta of 1.05. Invesco S&P MidCap Momentum ETF has a 52 week low of $97.50 and a 52 week high of $139.26.

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.