Meridian Financial LLC Boosts Holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Meridian Financial LLC grew its position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,250 shares of the company’s stock after purchasing an additional 100 shares during the period. Meridian Financial LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $401,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. purchased a new position in Invesco S&P MidCap Momentum ETF during the second quarter worth about $26,000. Howe & Rusling Inc. bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the 3rd quarter valued at about $30,000. NBC Securities Inc. grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 83.7% during the third quarter. NBC Securities Inc. now owns 461 shares of the company’s stock worth $55,000 after purchasing an additional 210 shares in the last quarter. Investors Research Corp increased its position in shares of Invesco S&P MidCap Momentum ETF by 127.2% in the third quarter. Investors Research Corp now owns 718 shares of the company’s stock worth $86,000 after purchasing an additional 402 shares during the last quarter. Finally, Lion Street Advisors LLC purchased a new stake in Invesco S&P MidCap Momentum ETF in the third quarter valued at approximately $200,000.

Invesco S&P MidCap Momentum ETF Price Performance

XMMO stock opened at $129.69 on Friday. The firm has a 50 day simple moving average of $129.04 and a two-hundred day simple moving average of $121.93. The stock has a market cap of $2.54 billion, a PE ratio of 19.24 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a one year low of $89.01 and a one year high of $137.14.

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.