Independent Wealth Network Inc. Raises Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Independent Wealth Network Inc. lifted its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 118.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,200 shares of the company’s stock after purchasing an additional 3,903 shares during the period. Independent Wealth Network Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $889,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of XMMO. LPL Financial LLC grew its position in shares of Invesco S&P MidCap Momentum ETF by 19.3% during the third quarter. LPL Financial LLC now owns 1,744,946 shares of the company’s stock worth $209,969,000 after purchasing an additional 282,112 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 2.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 321,240 shares of the company’s stock valued at $36,619,000 after purchasing an additional 7,717 shares during the last quarter. Affinity Wealth Management LLC lifted its position in shares of Invesco S&P MidCap Momentum ETF by 1.5% in the third quarter. Affinity Wealth Management LLC now owns 253,773 shares of the company’s stock worth $30,537,000 after buying an additional 3,810 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake in Invesco S&P MidCap Momentum ETF by 3.4% during the third quarter. Great Valley Advisor Group Inc. now owns 186,324 shares of the company’s stock valued at $22,420,000 after buying an additional 6,111 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in Invesco S&P MidCap Momentum ETF by 24.3% during the 3rd quarter. MML Investors Services LLC now owns 164,742 shares of the company’s stock valued at $19,823,000 after buying an additional 32,173 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Stock Performance

NYSEARCA XMMO opened at $132.93 on Thursday. The stock has a 50 day moving average price of $129.03 and a 200-day moving average price of $122.31. Invesco S&P MidCap Momentum ETF has a one year low of $92.01 and a one year high of $137.14. The company has a market capitalization of $2.60 billion, a P/E ratio of 19.24 and a beta of 1.12.

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.