Signature Estate & Investment Advisors LLC Takes Position in Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM)

Signature Estate & Investment Advisors LLC acquired a new stake in shares of Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 4,831 shares of the company’s stock, valued at approximately $268,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in shares of Invesco S&P MidCap Value with Momentum ETF by 3.7% in the fourth quarter. LPL Financial LLC now owns 413,796 shares of the company’s stock worth $22,933,000 after acquiring an additional 14,870 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in Invesco S&P MidCap Value with Momentum ETF in the 4th quarter worth about $374,000. Commonwealth Equity Services LLC grew its position in Invesco S&P MidCap Value with Momentum ETF by 0.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 91,515 shares of the company’s stock valued at $5,072,000 after purchasing an additional 444 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Invesco S&P MidCap Value with Momentum ETF during the 4th quarter valued at about $7,395,000. Finally, Jones Financial Companies Lllp raised its holdings in Invesco S&P MidCap Value with Momentum ETF by 245.1% in the fourth quarter. Jones Financial Companies Lllp now owns 5,759 shares of the company’s stock worth $319,000 after buying an additional 4,090 shares during the last quarter.

Invesco S&P MidCap Value with Momentum ETF Stock Performance

Shares of NYSEARCA XMVM opened at $53.46 on Friday. The company has a market cap of $250.19 million, a PE ratio of 11.23 and a beta of 1.20. The firm’s 50 day moving average price is $55.61 and its 200-day moving average price is $56.38. Invesco S&P MidCap Value with Momentum ETF has a 52-week low of $50.04 and a 52-week high of $62.50.

Invesco S&P MidCap Value with Momentum ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.3854 per share. This is an increase from Invesco S&P MidCap Value with Momentum ETF’s previous dividend of $0.16. The ex-dividend date of this dividend is Monday, March 24th.

Invesco S&P MidCap Value with Momentum ETF Profile

The Invesco S&P MidCap Value with Momentum ETF (XMVM) is an exchange-traded fund that is based on the S&P Midcap 400 High Momentum Value index. The fund tracks a value-weighted index of S&P 400 MidCap stocks selected by value and momentum. XMVM was launched on Mar 3, 2005 and is managed by Invesco.