Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Position Raised by Focus Financial Network Inc.

Focus Financial Network Inc. raised its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 0.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 123,985 shares of the company’s stock after buying an additional 934 shares during the quarter. Focus Financial Network Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $14,919,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its stake in shares of Invesco S&P MidCap Momentum ETF by 39.2% during the first quarter. Janney Montgomery Scott LLC now owns 7,416 shares of the company’s stock valued at $852,000 after purchasing an additional 2,089 shares in the last quarter. TFB Advisors LLC raised its stake in shares of Invesco S&P MidCap Momentum ETF by 3.1% during the first quarter. TFB Advisors LLC now owns 7,722 shares of the company’s stock valued at $840,000 after purchasing an additional 233 shares in the last quarter. Csenge Advisory Group bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the first quarter valued at about $424,000. Geneos Wealth Management Inc. raised its stake in shares of Invesco S&P MidCap Momentum ETF by 165.9% during the first quarter. Geneos Wealth Management Inc. now owns 5,098 shares of the company’s stock valued at $586,000 after purchasing an additional 3,181 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the first quarter valued at about $4,183,000.

Invesco S&P MidCap Momentum ETF Stock Down 1.0 %

Shares of NYSEARCA XMMO opened at $121.28 on Friday. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $75.45 and a fifty-two week high of $125.38. The firm’s 50-day simple moving average is $119.41 and its 200 day simple moving average is $115.80. The stock has a market cap of $2.37 billion, a P/E ratio of 19.24 and a beta of 1.12.

Invesco S&P MidCap Momentum ETF 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.