Focus Financial Network Inc. ADV Makes New $11.58 Million Investment in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Focus Financial Network Inc. ADV bought a new position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 128,986 shares of the company’s stock, valued at approximately $11,584,000. Focus Financial Network Inc. ADV owned about 0.93% of Invesco S&P MidCap Momentum ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in XMMO. Stifel Financial Corp lifted its position in Invesco S&P MidCap Momentum ETF by 17.4% during the 4th quarter. Stifel Financial Corp now owns 201,919 shares of the company’s stock worth $18,138,000 after acquiring an additional 29,870 shares during the last quarter. Sculati Wealth Management LLC lifted its position in shares of Invesco S&P MidCap Momentum ETF by 1.3% during the 4th quarter. Sculati Wealth Management LLC now owns 14,294 shares of the company’s stock worth $1,284,000 after purchasing an additional 184 shares during the last quarter. ProVise Management Group LLC boosted its stake in Invesco S&P MidCap Momentum ETF by 0.7% during the 4th quarter. ProVise Management Group LLC now owns 45,200 shares of the company’s stock valued at $4,059,000 after purchasing an additional 310 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Invesco S&P MidCap Momentum ETF by 2.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 111,338 shares of the company’s stock valued at $9,999,000 after buying an additional 2,804 shares during the last quarter. Finally, Certified Advisory Corp increased its position in Invesco S&P MidCap Momentum ETF by 2.1% in the 4th quarter. Certified Advisory Corp now owns 9,709 shares of the company’s stock worth $872,000 after buying an additional 199 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Down 1.2 %

Shares of XMMO stock traded down $1.42 during trading hours on Tuesday, reaching $114.87. 168,743 shares of the company’s stock were exchanged, compared to its average volume of 244,052. The business has a fifty day moving average price of $112.80 and a 200-day moving average price of $100.51. The stock has a market capitalization of $2.25 billion, a P/E ratio of 19.24 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $72.49 and a fifty-two week high of $117.57.

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.