Hershey Financial Advisers LLC Takes $466,000 Position in Invesco S&P MidCap Momentum ETF $XMMO

Hershey Financial Advisers LLC acquired a new position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 3,215 shares of the company’s stock, valued at approximately $466,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XMMO. Elevation Capital Advisory LLC increased its stake in shares of Invesco S&P MidCap Momentum ETF by 162.7% during the fourth quarter. Elevation Capital Advisory LLC now owns 29,671 shares of the company’s stock valued at $4,108,000 after acquiring an additional 18,378 shares during the period. Sound Income Strategies LLC raised its holdings in Invesco S&P MidCap Momentum ETF by 67.7% during the fourth quarter. Sound Income Strategies LLC now owns 66,916 shares of the company’s stock worth $9,580,000 after purchasing an additional 27,024 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Invesco S&P MidCap Momentum ETF by 120.6% during the fourth quarter. Farther Finance Advisors LLC now owns 34,147 shares of the company’s stock worth $4,728,000 after purchasing an additional 18,669 shares in the last quarter. Belpointe Asset Management LLC lifted its position in Invesco S&P MidCap Momentum ETF by 41.2% in the fourth quarter. Belpointe Asset Management LLC now owns 20,891 shares of the company’s stock worth $2,893,000 after purchasing an additional 6,098 shares during the period. Finally, Pacific Sun Financial Corp acquired a new stake in Invesco S&P MidCap Momentum ETF in the fourth quarter worth approximately $704,000.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of NYSEARCA XMMO opened at $157.08 on Friday. Invesco S&P MidCap Momentum ETF has a 1 year low of $126.64 and a 1 year high of $173.94. The firm has a market cap of $7.25 billion, a P/E ratio of 22.06 and a beta of 1.08. The stock has a fifty day moving average price of $165.97 and a two-hundred day moving average price of $154.14.

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.