ADG Wealth Management Group LLC Makes New Investment in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

ADG Wealth Management Group LLC acquired a new position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,330 shares of the company’s stock, valued at approximately $288,000. Invesco S&P MidCap Momentum ETF makes up approximately 0.3% of ADG Wealth Management Group LLC’s investment portfolio, making the stock its 20th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Howe & Rusling Inc. purchased a new stake in shares of Invesco S&P MidCap Momentum ETF in the third quarter worth $30,000. Transcendent Capital Group LLC grew its stake in shares of Invesco S&P MidCap Momentum ETF by 2,689.5% in the fourth quarter. Transcendent Capital Group LLC now owns 530 shares of the company’s stock worth $65,000 after acquiring an additional 511 shares during the last quarter. Richardson Financial Services Inc. purchased a new stake in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter worth $70,000. First Command Advisory Services Inc. grew its stake in shares of Invesco S&P MidCap Momentum ETF by 30.0% in the fourth quarter. First Command Advisory Services Inc. now owns 658 shares of the company’s stock worth $81,000 after acquiring an additional 152 shares during the last quarter. Finally, Investors Research Corp grew its stake in shares of Invesco S&P MidCap Momentum ETF by 127.2% in the third quarter. Investors Research Corp now owns 718 shares of the company’s stock worth $86,000 after acquiring an additional 402 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Trading Up 1.5 %

NYSEARCA XMMO opened at $122.18 on Friday. Invesco S&P MidCap Momentum ETF has a 12 month low of $105.57 and a 12 month high of $137.14. The stock has a market cap of $3.81 billion, a P/E ratio of 19.06 and a beta of 1.03. The stock’s fifty day moving average price is $127.05 and its 200-day moving average price is $124.65.

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.