Hazlett Burt & Watson Inc. Makes New Investment in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Hazlett Burt & Watson Inc. bought a new position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 381 shares of the company’s stock, valued at approximately $47,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in Invesco S&P MidCap Momentum ETF during the 3rd quarter valued at $318,000. Steward Partners Investment Advisory LLC increased its stake in shares of Invesco S&P MidCap Momentum ETF by 62.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,547 shares of the company’s stock valued at $685,000 after buying an additional 2,125 shares during the period. Truist Financial Corp bought a new stake in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter valued at about $307,000. JPMorgan Chase & Co. lifted its stake in Invesco S&P MidCap Momentum ETF by 4,307.7% in the third quarter. JPMorgan Chase & Co. now owns 59,680 shares of the company’s stock worth $7,181,000 after acquiring an additional 58,326 shares during the period. Finally, Assetmark Inc. grew its holdings in Invesco S&P MidCap Momentum ETF by 459.4% during the 4th quarter. Assetmark Inc. now owns 744 shares of the company’s stock worth $92,000 after acquiring an additional 611 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Stock Performance

NYSEARCA XMMO opened at $113.76 on Tuesday. Invesco S&P MidCap Momentum ETF has a one year low of $105.77 and a one year high of $137.14. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 16.68 and a beta of 1.04. The company’s 50-day simple moving average is $122.65 and its two-hundred day simple moving average is $124.73.

Invesco S&P MidCap Momentum ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.3006 dividend. This is an increase from Invesco S&P MidCap Momentum ETF’s previous dividend of $0.05. The ex-dividend date was Monday, March 24th.

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.