Schrum Private Wealth Management LLC Trims Stock Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Schrum Private Wealth Management LLC trimmed its holdings in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 50.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,000 shares of the company’s stock after selling 2,000 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $247,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of XMMO. Howe & Rusling Inc. acquired a new stake in shares of Invesco S&P MidCap Momentum ETF during the third quarter worth $30,000. Synergy Investment Management LLC acquired a new position in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter worth about $49,000. Transcendent Capital Group LLC raised its position in shares of Invesco S&P MidCap Momentum ETF by 2,689.5% in the fourth quarter. Transcendent Capital Group LLC now owns 530 shares of the company’s stock worth $65,000 after acquiring an additional 511 shares during the period. Richardson Financial Services Inc. acquired a new position in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter worth about $70,000. Finally, First Command Advisory Services Inc. raised its position in shares of Invesco S&P MidCap Momentum ETF by 30.0% in the fourth quarter. First Command Advisory Services Inc. now owns 658 shares of the company’s stock worth $81,000 after acquiring an additional 152 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Up 1.3 %

XMMO stock opened at $118.17 on Thursday. The stock has a market capitalization of $3.69 billion, a P/E ratio of 19.06 and a beta of 1.03. The firm has a 50-day simple moving average of $126.62 and a 200-day simple moving average of $124.78. Invesco S&P MidCap Momentum ETF has a 52 week low of $105.77 and a 52 week high of $137.14.

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.