Richardson Financial Services Inc. bought a new position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 563 shares of the company’s stock, valued at approximately $70,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Howe & Rusling Inc. bought a new position in shares of Invesco S&P MidCap Momentum ETF in the third quarter worth approximately $30,000. NBC Securities Inc. increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 83.7% in the 3rd quarter. NBC Securities Inc. now owns 461 shares of the company’s stock worth $55,000 after buying an additional 210 shares during the last quarter. Investors Research Corp raised its position in shares of Invesco S&P MidCap Momentum ETF by 127.2% during the 3rd quarter. Investors Research Corp now owns 718 shares of the company’s stock valued at $86,000 after buying an additional 402 shares in the last quarter. Lion Street Advisors LLC bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the 3rd quarter worth $200,000. Finally, Worth Asset Management LLC purchased a new stake in Invesco S&P MidCap Momentum ETF during the fourth quarter valued at about $218,000.
Invesco S&P MidCap Momentum ETF Trading Down 0.8 %
XMMO opened at $130.63 on Monday. The stock has a market capitalization of $2.56 billion, a P/E ratio of 19.24 and a beta of 1.12. The stock has a 50-day moving average price of $129.20 and a 200-day moving average price of $123.12. Invesco S&P MidCap Momentum ETF has a 12-month low of $93.23 and a 12-month high of $137.14.
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.
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