Janney Montgomery Scott LLC Has $1.34 Million Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Janney Montgomery Scott LLC lessened its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 16.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,875 shares of the company’s stock after selling 2,133 shares during the period. Janney Montgomery Scott LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $1,343,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in shares of Invesco S&P MidCap Momentum ETF during the third quarter worth approximately $318,000. JPMorgan Chase & Co. increased its position in shares of Invesco S&P MidCap Momentum ETF by 4,307.7% during the third quarter. JPMorgan Chase & Co. now owns 59,680 shares of the company’s stock worth $7,181,000 after acquiring an additional 58,326 shares in the last quarter. Creative Planning lifted its position in Invesco S&P MidCap Momentum ETF by 7.4% in the 2nd quarter. Creative Planning now owns 8,077 shares of the company’s stock valued at $921,000 after acquiring an additional 559 shares in the last quarter. Brookstone Capital Management boosted its stake in Invesco S&P MidCap Momentum ETF by 21.1% during the 4th quarter. Brookstone Capital Management now owns 2,745 shares of the company’s stock valued at $339,000 after purchasing an additional 479 shares during the last quarter. Finally, Arete Wealth Advisors LLC increased its holdings in Invesco S&P MidCap Momentum ETF by 13.9% during the 3rd quarter. Arete Wealth Advisors LLC now owns 5,367 shares of the company’s stock worth $643,000 after purchasing an additional 655 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Trading Up 0.5 %

Shares of Invesco S&P MidCap Momentum ETF stock opened at $129.95 on Wednesday. The stock has a fifty day simple moving average of $129.06 and a 200 day simple moving average of $123.26. Invesco S&P MidCap Momentum ETF has a 12-month low of $95.80 and a 12-month high of $137.14. The company has a market capitalization of $2.54 billion, a P/E ratio of 19.24 and a beta of 1.12.

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.