Commonwealth Financial Services LLC Buys 21,449 Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Commonwealth Financial Services LLC grew its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 218.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 31,262 shares of the company’s stock after acquiring an additional 21,449 shares during the quarter. Commonwealth Financial Services LLC owned about 0.16% of Invesco S&P MidCap Momentum ETF worth $3,747,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fifth Third Securities Inc. increased its stake in Invesco S&P MidCap Momentum ETF by 16.5% in the first quarter. Fifth Third Securities Inc. now owns 34,960 shares of the company’s stock valued at $4,016,000 after acquiring an additional 4,944 shares during the last quarter. Iams Wealth Management LLC acquired a new position in shares of Invesco S&P MidCap Momentum ETF during the 1st quarter worth $387,000. Synergy Asset Management LLC bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the 1st quarter worth $4,689,000. Advisor Resource Council acquired a new stake in Invesco S&P MidCap Momentum ETF in the first quarter valued at about $352,000. Finally, Accel Wealth Management grew its position in Invesco S&P MidCap Momentum ETF by 13.3% in the first quarter. Accel Wealth Management now owns 12,646 shares of the company’s stock valued at $1,452,000 after acquiring an additional 1,482 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Trading Up 0.5 %

NYSEARCA XMMO traded up $0.62 during trading on Thursday, hitting $122.23. 14,483 shares of the company’s stock were exchanged, compared to its average volume of 319,333. The stock’s 50 day moving average price is $118.79 and its two-hundred day moving average price is $115.43. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $74.39 and a fifty-two week high of $125.38. The company has a market cap of $2.39 billion, a PE ratio of 19.24 and a beta of 1.12.

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.