Monetary Solutions Ltd Purchases New Shares in Invesco S&P MidCap Momentum ETF $XMMO

Monetary Solutions Ltd purchased a new position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,934 shares of the company’s stock, valued at approximately $2,068,000. Invesco S&P MidCap Momentum ETF makes up approximately 2.0% of Monetary Solutions Ltd’s holdings, making the stock its 13th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. ATX Financial Planning LLC acquired a new stake in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $3,675,000. Axxcess Wealth Management LLC raised its stake in shares of Invesco S&P MidCap Momentum ETF by 726.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 61,102 shares of the company’s stock worth $8,460,000 after acquiring an additional 53,708 shares during the last quarter. Strive Financial Group LLC acquired a new position in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth approximately $66,000. Raymond James Financial Inc. lifted its position in shares of Invesco S&P MidCap Momentum ETF by 14.2% during the fourth quarter. Raymond James Financial Inc. now owns 837,045 shares of the company’s stock worth $115,897,000 after purchasing an additional 103,839 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter valued at approximately $359,000.

Invesco S&P MidCap Momentum ETF Price Performance

Shares of Invesco S&P MidCap Momentum ETF stock opened at $171.83 on Friday. The firm has a market cap of $7.26 billion, a P/E ratio of 22.06 and a beta of 1.08. The firm has a 50 day simple moving average of $163.56 and a 200 day simple moving average of $150.51. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $123.58 and a fifty-two week high of $173.24.

Invesco S&P MidCap Momentum ETF 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.