Manchester Financial Inc. Invests $286,000 in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Manchester Financial Inc. bought a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,378 shares of the company’s stock, valued at approximately $286,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XMMO. LPL Financial LLC raised its stake in Invesco S&P MidCap Momentum ETF by 1.6% during the 2nd quarter. LPL Financial LLC now owns 1,462,834 shares of the company’s stock valued at $166,748,000 after purchasing an additional 23,229 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake 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 valued at $36,619,000 after buying an additional 7,717 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Invesco S&P MidCap Momentum ETF by 12.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 294,088 shares of the company’s stock worth $33,523,000 after buying an additional 32,271 shares during the last quarter. Affinity Wealth Management LLC raised its position in Invesco S&P MidCap Momentum ETF by 1.5% during the third quarter. Affinity Wealth Management LLC now owns 253,773 shares of the company’s stock valued at $30,537,000 after acquiring an additional 3,810 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its stake in Invesco S&P MidCap Momentum ETF by 34.7% in the second quarter. Foundations Investment Advisors LLC now owns 215,906 shares of the company’s stock valued at $24,611,000 after acquiring an additional 55,650 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Stock Down 1.0 %

Shares of XMMO opened at $120.66 on Friday. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12. The company’s fifty day moving average is $118.99 and its 200-day moving average is $115.53. Invesco S&P MidCap Momentum ETF has a 12 month low of $74.39 and a 12 month high of $125.38.

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.