Northwestern Mutual Wealth Management Co. Has $91 Million Stake in Invesco S&P MidCap Momentum ETF $XMMO

Northwestern Mutual Wealth Management Co. lessened its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 12.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 707,440 shares of the company’s stock after selling 99,151 shares during the period. Northwestern Mutual Wealth Management Co. owned 2.22% of Invesco S&P MidCap Momentum ETF worth $90,998,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of XMMO. Mainstay Capital Management LLC ADV increased its stake in Invesco S&P MidCap Momentum ETF by 102.3% in the second quarter. Mainstay Capital Management LLC ADV now owns 558,008 shares of the company’s stock valued at $71,777,000 after purchasing an additional 282,194 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Invesco S&P MidCap Momentum ETF by 169.2% in the 1st quarter. Jones Financial Companies Lllp now owns 357,062 shares of the company’s stock valued at $40,619,000 after buying an additional 224,424 shares during the period. Ameriprise Financial Inc. increased its position in Invesco S&P MidCap Momentum ETF by 36.6% in the 1st quarter. Ameriprise Financial Inc. now owns 691,318 shares of the company’s stock valued at $78,662,000 after buying an additional 185,360 shares in the last quarter. Gimbal Financial acquired a new position in Invesco S&P MidCap Momentum ETF during the 2nd quarter worth approximately $15,711,000. Finally, Davidson Capital Management Inc. boosted its holdings in Invesco S&P MidCap Momentum ETF by 43.2% in the second quarter. Davidson Capital Management Inc. now owns 389,462 shares of the company’s stock worth $50,096,000 after acquiring an additional 117,506 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Stock Up 0.7%

NYSEARCA XMMO opened at $139.31 on Friday. Invesco S&P MidCap Momentum ETF has a 52 week low of $97.50 and a 52 week high of $139.34. The business has a 50 day moving average price of $135.31 and a 200-day moving average price of $131.19. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 22.06 and a beta of 1.05.

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.