World Equity Group Inc. increased its position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) by 110.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,445 shares of the company’s stock after acquiring an additional 4,952 shares during the quarter. World Equity Group Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $1,168,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of XMMO. Howe & Rusling Inc. acquired a new position in Invesco S&P MidCap Momentum ETF in the 3rd quarter worth $30,000. Richardson Financial Services Inc. bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter valued at about $70,000. Investors Research Corp grew its position in Invesco S&P MidCap Momentum ETF by 127.2% in the 3rd quarter. Investors Research Corp now owns 718 shares of the company’s stock worth $86,000 after purchasing an additional 402 shares during the last quarter. Realta Investment Advisors bought a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter worth about $138,000. Finally, Lodestone Wealth Management LLC bought a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter worth about $211,000.
Invesco S&P MidCap Momentum ETF Trading Down 3.6 %
Shares of NYSEARCA:XMMO opened at $120.98 on Friday. The company has a 50 day moving average of $127.56 and a 200-day moving average of $124.41. The firm has a market cap of $2.37 billion, a P/E ratio of 19.24 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a twelve month low of $103.26 and a twelve month high of $137.14.
About Invesco S&P MidCap Momentum ETF
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.
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