Steelhead Wealth Management LLC Acquires New Shares in Invesco S&P MidCap Momentum ETF $XMMO

Steelhead Wealth Management LLC purchased a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 6,369 shares of the company’s stock, valued at approximately $923,000.

A number of other hedge funds have also modified their holdings of the business. Optima Capital LLC purchased a new position in Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $26,000. Realta Investment Advisors acquired a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter valued at about $28,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter valued at approximately $28,000. AlphaCore Capital LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter valued at approximately $34,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter valued at approximately $36,000.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of XMMO stock opened at $154.29 on Monday. The firm’s 50 day moving average price is $164.54 and its 200-day moving average price is $155.41. Invesco S&P MidCap Momentum ETF has a one year low of $126.64 and a one year high of $173.94. The firm has a market cap of $7.14 billion, a P/E ratio of 22.06 and a beta of 1.08.

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.