Ameritas Advisory Services LLC Lowers Stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Ameritas Advisory Services LLC lessened its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 8.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 40,162 shares of the company’s stock after selling 3,781 shares during the period. Ameritas Advisory Services LLC owned about 0.21% of Invesco S&P MidCap Momentum ETF worth $4,961,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in shares of Invesco S&P MidCap Momentum ETF by 19.3% in the third quarter. LPL Financial LLC now owns 1,744,946 shares of the company’s stock valued at $209,969,000 after buying an additional 282,112 shares in the last quarter. Merit Financial Group LLC acquired a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $7,639,000. JPMorgan Chase & Co. increased its stake in Invesco S&P MidCap Momentum ETF by 4,307.7% during the third quarter. JPMorgan Chase & Co. now owns 59,680 shares of the company’s stock worth $7,181,000 after purchasing an additional 58,326 shares during the period. CWM LLC lifted its position in shares of Invesco S&P MidCap Momentum ETF by 116.5% during the third quarter. CWM LLC now owns 103,024 shares of the company’s stock worth $12,397,000 after purchasing an additional 55,443 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 910.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 53,784 shares of the company’s stock valued at $6,437,000 after purchasing an additional 48,459 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Up 0.4 %

Shares of XMMO opened at $129.69 on Friday. The company has a market cap of $2.54 billion, a P/E ratio of 19.24 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $89.01 and a fifty-two week high of $137.14. The firm’s 50 day moving average price is $129.04 and its 200 day moving average price is $121.93.

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.