Iams Wealth Management LLC Makes New Investment in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Iams Wealth Management LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,673 shares of the company’s stock, valued at approximately $387,000.

A number of other large investors have also made changes to their positions in the stock. Fifth Third Securities Inc. boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 16.5% during the 1st quarter. Fifth Third Securities Inc. now owns 34,960 shares of the company’s stock worth $4,016,000 after acquiring an additional 4,944 shares in the last quarter. Park Avenue Securities LLC raised its position in Invesco S&P MidCap Momentum ETF by 194.0% during the first quarter. Park Avenue Securities LLC now owns 11,485 shares of the company’s stock worth $1,319,000 after acquiring an additional 7,579 shares during the last quarter. Sunpointe LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter valued at about $261,000. Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter valued at approximately $30,000. Finally, Cetera Advisor Networks LLC raised its position in shares of Invesco S&P MidCap Momentum ETF by 1.3% during the 4th quarter. Cetera Advisor Networks LLC now owns 74,382 shares of the company’s stock worth $6,680,000 after purchasing an additional 967 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Price Performance

NYSEARCA:XMMO traded up $0.27 during trading hours on Tuesday, reaching $112.91. 61,379 shares of the company traded hands, compared to its average volume of 285,100. The firm’s 50-day moving average is $113.47 and its 200-day moving average is $105.62. The stock has a market cap of $2.21 billion, a P/E ratio of 19.24 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a 1-year low of $74.39 and a 1-year high of $117.57.

Invesco S&P MidCap Momentum ETF 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.