Orion Portfolio Solutions LLC Purchases 1,209 Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Orion Portfolio Solutions LLC grew its position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 56.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,359 shares of the company’s stock after acquiring an additional 1,209 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $404,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in XMMO. IHT Wealth Management LLC lifted its stake in Invesco S&P MidCap Momentum ETF by 115.4% in the third quarter. IHT Wealth Management LLC now owns 12,158 shares of the company’s stock worth $1,463,000 after purchasing an additional 6,513 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 3.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 10,553 shares of the company’s stock worth $1,270,000 after acquiring an additional 392 shares during the last quarter. Arizona PSPRS Trust purchased a new position in Invesco S&P MidCap Momentum ETF during the 3rd quarter valued at $3,395,000. Benjamin Edwards Inc. bought a new position in Invesco S&P MidCap Momentum ETF in the 3rd quarter valued at $2,280,000. Finally, Flow Traders U.S. LLC increased its stake in Invesco S&P MidCap Momentum ETF by 67.1% in the third quarter. Flow Traders U.S. LLC now owns 12,995 shares of the company’s stock worth $1,564,000 after purchasing an additional 5,218 shares during the period.

Invesco S&P MidCap Momentum ETF Trading Down 4.1 %

Shares of XMMO opened at $123.91 on Thursday. The firm has a fifty day moving average price of $128.32 and a 200-day moving average price of $120.18. The firm has a market capitalization of $2.42 billion, a P/E ratio of 19.24 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a 12-month low of $87.00 and a 12-month high of $137.14.

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.