Trek Financial LLC Makes New Investment in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Trek Financial LLC purchased a new position 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 Securities & Exchange Commission. The institutional investor purchased 23,892 shares of the company’s stock, valued at approximately $2,951,000. Trek Financial LLC owned approximately 0.12% of Invesco S&P MidCap Momentum ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of XMMO. FMR LLC lifted its position in Invesco S&P MidCap Momentum ETF by 102.1% in the third quarter. FMR LLC now owns 5,847 shares of the company’s stock worth $704,000 after purchasing an additional 2,954 shares during the period. Integrated Wealth Concepts LLC raised its stake in shares of Invesco S&P MidCap Momentum ETF by 3.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 10,553 shares of the company’s stock worth $1,270,000 after buying an additional 392 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Invesco S&P MidCap Momentum ETF by 56.2% in the third quarter. Orion Portfolio Solutions LLC now owns 3,359 shares of the company’s stock valued at $404,000 after buying an additional 1,209 shares during the period. MML Investors Services LLC boosted its stake in Invesco S&P MidCap Momentum ETF by 24.3% during the third quarter. MML Investors Services LLC now owns 164,742 shares of the company’s stock valued at $19,823,000 after buying an additional 32,173 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Invesco S&P MidCap Momentum ETF during the third quarter worth about $771,000.

Invesco S&P MidCap Momentum ETF Trading Down 6.3 %

Shares of NYSEARCA XMMO opened at $103.22 on Friday. Invesco S&P MidCap Momentum ETF has a twelve month low of $101.97 and a twelve month high of $137.14. The firm has a 50-day moving average of $120.95 and a two-hundred day moving average of $124.51. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 16.68 and a beta of 1.04.

Invesco S&P MidCap Momentum ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.3006 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco S&P MidCap Momentum ETF’s previous dividend of $0.05.

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.