MinichMacGregor Wealth Management LLC Acquires New Holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

MinichMacGregor Wealth Management LLC acquired a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 72,648 shares of the company’s stock, valued at approximately $8,974,000. Invesco S&P MidCap Momentum ETF comprises about 1.9% of MinichMacGregor Wealth Management LLC’s investment portfolio, making the stock its 20th largest holding.

Several other institutional investors and hedge funds have also added to or reduced their stakes in XMMO. Newbridge Financial Services Group Inc. acquired a new position in shares of Invesco S&P MidCap Momentum ETF during the second quarter worth $26,000. Howe & Rusling Inc. acquired a new position in shares of Invesco S&P MidCap Momentum ETF during the third quarter worth $30,000. NBC Securities Inc. lifted its holdings in shares of Invesco S&P MidCap Momentum ETF by 83.7% during the third quarter. NBC Securities Inc. now owns 461 shares of the company’s stock worth $55,000 after purchasing an additional 210 shares during the period. Investors Research Corp lifted its holdings in shares of Invesco S&P MidCap Momentum ETF by 127.2% during the third quarter. Investors Research Corp now owns 718 shares of the company’s stock worth $86,000 after purchasing an additional 402 shares during the period. Finally, Lion Street Advisors LLC acquired a new position in shares of Invesco S&P MidCap Momentum ETF during the third quarter worth $200,000.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of NYSEARCA:XMMO opened at $132.93 on Thursday. The firm has a market cap of $2.60 billion, a PE ratio of 19.24 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a 52 week low of $92.01 and a 52 week high of $137.14. The firm’s fifty day moving average is $129.09 and its 200-day moving average is $122.38.

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.