Wealth Enhancement Advisory Services LLC Reduces Holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 381,644 shares of the company’s stock after selling 10,263 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 1.95% of Invesco S&P MidCap Momentum ETF worth $45,923,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Glass Jacobson Investment Advisors llc bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the 2nd quarter valued at $26,000. Newbridge Financial Services Group Inc. purchased a new stake in Invesco S&P MidCap Momentum ETF in the second quarter worth about $26,000. Concourse Financial Group Securities Inc. raised its stake in shares of Invesco S&P MidCap Momentum ETF by 114.2% in the second quarter. Concourse Financial Group Securities Inc. now owns 242 shares of the company’s stock worth $28,000 after buying an additional 129 shares during the period. Pineridge Advisors LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF during the 1st quarter valued at about $34,000. Finally, Larson Financial Group LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF during the 2nd quarter valued at approximately $53,000.

Invesco S&P MidCap Momentum ETF Trading Down 1.0 %

Invesco S&P MidCap Momentum ETF stock opened at $120.66 on Friday. Invesco S&P MidCap Momentum ETF has a 12-month low of $74.39 and a 12-month high of $125.38. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12. The firm has a 50 day moving average of $118.99 and a 200 day moving average of $115.53.

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.