New Millennium Group LLC boosted its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,608 shares of the company’s stock after purchasing an additional 1,928 shares during the period. Invesco S&P MidCap Momentum ETF makes up approximately 1.7% of New Millennium Group LLC’s holdings, making the stock its 19th largest position. New Millennium Group LLC owned about 0.12% of Invesco S&P MidCap Momentum ETF worth $2,916,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of XMMO. Fifth Third Securities Inc. lifted its holdings in Invesco S&P MidCap Momentum ETF by 35.2% in the fourth quarter. Fifth Third Securities Inc. now owns 62,479 shares of the company’s stock valued at $7,718,000 after acquiring an additional 16,261 shares during the period. Ferguson Shapiro LLC bought a new stake in Invesco S&P MidCap Momentum ETF during the fourth quarter valued at approximately $546,000. SteelPeak Wealth LLC bought a new position in Invesco S&P MidCap Momentum ETF in the fourth quarter worth approximately $4,662,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter worth $691,000. Finally, Foundations Investment Advisors LLC increased its stake in shares of Invesco S&P MidCap Momentum ETF by 28.5% in the 4th quarter. Foundations Investment Advisors LLC now owns 216,405 shares of the company’s stock worth $26,732,000 after purchasing an additional 47,969 shares in the last quarter.
Invesco S&P MidCap Momentum ETF Stock Performance
NYSEARCA XMMO opened at $130.63 on Friday. The business’s fifty day moving average is $129.28 and its 200 day moving average is $123.01. The company has a market capitalization of $2.56 billion, a PE ratio of 19.24 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $93.23 and a fifty-two week 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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