Savvy Advisors Inc. Acquires 2,078 Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Savvy Advisors Inc. grew its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 17.9% in the 3rd quarter, Holdings Channel reports. The fund owned 13,657 shares of the company’s stock after purchasing an additional 2,078 shares during the quarter. Savvy Advisors Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $1,643,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of XMMO. Janney Montgomery Scott LLC lifted its position in Invesco S&P MidCap Momentum ETF by 39.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,416 shares of the company’s stock valued at $852,000 after acquiring an additional 2,089 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Invesco S&P MidCap Momentum ETF by 74.5% during the first quarter. Oppenheimer & Co. Inc. now owns 6,966 shares of the company’s stock worth $800,000 after buying an additional 2,973 shares during the period. Avantax Advisory Services Inc. boosted its position in shares of Invesco S&P MidCap Momentum ETF by 37.4% during the first quarter. Avantax Advisory Services Inc. now owns 49,977 shares of the company’s stock worth $5,740,000 after buying an additional 13,607 shares during the period. TBH Global Asset Management LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF during the first quarter worth about $274,000. Finally, Orion Portfolio Solutions LLC acquired a new position in Invesco S&P MidCap Momentum ETF during the 1st quarter worth approximately $15,174,000.

Invesco S&P MidCap Momentum ETF Price Performance

NYSEARCA:XMMO opened at $131.95 on Tuesday. The company has a market cap of $2.58 billion, a P/E ratio of 19.24 and a beta of 1.12. The firm’s fifty day moving average price is $120.62 and its two-hundred day moving average price is $116.81. Invesco S&P MidCap Momentum ETF has a one year low of $79.69 and a one year high of $132.30.

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.