Redhawk Wealth Advisors Inc. Boosts Holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Redhawk Wealth Advisors Inc. grew its position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 18.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,791 shares of the company’s stock after acquiring an additional 1,347 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $1,086,000 as of its most recent SEC filing.

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

Invesco S&P MidCap Momentum ETF Trading Up 1.7 %

XMMO stock opened at $127.96 on Thursday. The business’s fifty day moving average price is $129.10 and its 200 day moving average price is $121.72. Invesco S&P MidCap Momentum ETF has a 12-month low of $88.32 and a 12-month high of $137.14. The company has a market capitalization of $2.50 billion, a PE ratio of 19.24 and a beta of 1.12.

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.