Envestnet Portfolio Solutions Inc. Buys Shares of 91,659 Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Envestnet Portfolio Solutions Inc. bought a new stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 91,659 shares of the company’s stock, valued at approximately $11,323,000. Envestnet Portfolio Solutions Inc. owned about 0.47% of Invesco S&P MidCap Momentum ETF at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in XMMO. Harbour Investments Inc. raised its stake in Invesco S&P MidCap Momentum ETF by 150.0% during the 3rd quarter. Harbour Investments Inc. now owns 2,030 shares of the company’s stock valued at $244,000 after buying an additional 1,218 shares during the last quarter. Spectrum Wealth Advisory Group LLC raised its stake in Invesco S&P MidCap Momentum ETF by 0.9% during the 3rd quarter. Spectrum Wealth Advisory Group LLC now owns 24,779 shares of the company’s stock valued at $2,982,000 after buying an additional 217 shares during the last quarter. Prospera Financial Services Inc increased its stake in shares of Invesco S&P MidCap Momentum ETF by 29.2% in the 3rd quarter. Prospera Financial Services Inc now owns 7,334 shares of the company’s stock worth $882,000 after purchasing an additional 1,659 shares in the last quarter. Lowery Thomas LLC increased its stake in shares of Invesco S&P MidCap Momentum ETF by 5.6% in the 3rd quarter. Lowery Thomas LLC now owns 26,950 shares of the company’s stock worth $3,243,000 after purchasing an additional 1,430 shares in the last quarter. Finally, New Millennium Group LLC increased its stake in shares of Invesco S&P MidCap Momentum ETF by 78.5% in the 3rd quarter. New Millennium Group LLC now owns 21,680 shares of the company’s stock worth $2,609,000 after purchasing an additional 9,533 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Price Performance

NYSEARCA:XMMO opened at $114.00 on Monday. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 16.76 and a beta of 1.04. Invesco S&P MidCap Momentum ETF has a one year low of $105.77 and a one year high of $137.14. The business has a fifty day moving average price of $125.08 and a 200-day moving average price of $124.62.

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.