Elm3 Financial Group LLC Makes New $3.15 Million Investment in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Elm3 Financial Group LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,534 shares of the company’s stock, valued at approximately $3,154,000. Invesco S&P MidCap Momentum ETF makes up about 2.7% of Elm3 Financial Group LLC’s portfolio, making the stock its 11th biggest holding. Elm3 Financial Group LLC owned 0.13% of Invesco S&P MidCap Momentum ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. LPL Financial LLC lifted its position in 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 purchasing an additional 282,112 shares during the last quarter. Win Advisors Inc. purchased a new stake in Invesco S&P MidCap Momentum ETF during the 4th quarter valued at $12,249,000. Money Concepts Capital Corp increased its position in shares of Invesco S&P MidCap Momentum ETF by 24.6% in the fourth quarter. Money Concepts Capital Corp now owns 436,572 shares of the company’s stock valued at $53,930,000 after acquiring an additional 86,162 shares during the period. MinichMacGregor Wealth Management LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $8,974,000. Finally, Merit Financial Group LLC bought a new stake in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter worth about $7,639,000.

Invesco S&P MidCap Momentum ETF Price Performance

Shares of NYSEARCA:XMMO opened at $131.19 on Thursday. The stock’s 50-day moving average is $128.87 and its 200 day moving average is $123.42. The company has a market cap of $2.57 billion, a PE ratio of 19.24 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a 1 year low of $96.59 and a 1 year high of $137.14.

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.