Financial Advocates Investment Management Lowers Stock Position in Invesco S&P MidCap Momentum ETF $XMMO

Financial Advocates Investment Management trimmed its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 79.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,392 shares of the company’s stock after selling 51,440 shares during the quarter. Financial Advocates Investment Management’s holdings in Invesco S&P MidCap Momentum ETF were worth $1,723,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Capstone Wealth Management Group LLC grew its position in Invesco S&P MidCap Momentum ETF by 148.4% during the 1st quarter. Capstone Wealth Management Group LLC now owns 28,228 shares of the company’s stock worth $3,211,000 after purchasing an additional 16,865 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 548.8% during the first quarter. Assetmark Inc. now owns 4,827 shares of the company’s stock worth $549,000 after buying an additional 4,083 shares during the period. Arkadios Wealth Advisors grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 6.5% during the first quarter. Arkadios Wealth Advisors now owns 9,160 shares of the company’s stock worth $1,042,000 after buying an additional 560 shares during the last quarter. Certified Advisory Corp increased its position in Invesco S&P MidCap Momentum ETF by 3.5% in the 1st quarter. Certified Advisory Corp now owns 15,730 shares of the company’s stock valued at $1,789,000 after acquiring an additional 529 shares during the period. Finally, ProVise Management Group LLC raised its stake in Invesco S&P MidCap Momentum ETF by 5.0% during the 1st quarter. ProVise Management Group LLC now owns 52,821 shares of the company’s stock valued at $6,009,000 after acquiring an additional 2,510 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Trading Up 1.7%

Invesco S&P MidCap Momentum ETF stock opened at $136.82 on Wednesday. The stock has a 50 day moving average of $135.07 and a two-hundred day moving average of $130.98. Invesco S&P MidCap Momentum ETF has a twelve month low of $97.50 and a twelve month high of $139.26. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 22.06 and a beta of 1.05.

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.