Orion Portfolio Solutions LLC Boosts Stock Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Orion Portfolio Solutions LLC raised its position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 14,523.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 491,189 shares of the company’s stock after buying an additional 487,830 shares during the quarter. Invesco S&P MidCap Momentum ETF comprises about 0.6% of Orion Portfolio Solutions LLC’s investment portfolio, making the stock its 23rd largest holding. Orion Portfolio Solutions LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $60,677,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in Invesco S&P MidCap Momentum ETF during the 3rd quarter valued at about $318,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 62.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,547 shares of the company’s stock valued at $685,000 after acquiring an additional 2,125 shares in the last quarter. Truist Financial Corp purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter valued at approximately $307,000. JPMorgan Chase & Co. boosted its stake in Invesco S&P MidCap Momentum ETF by 4,307.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,680 shares of the company’s stock worth $7,181,000 after purchasing an additional 58,326 shares in the last quarter. Finally, Assetmark Inc. grew its position in Invesco S&P MidCap Momentum ETF by 459.4% during the 4th quarter. Assetmark Inc. now owns 744 shares of the company’s stock worth $92,000 after purchasing an additional 611 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Trading Down 1.3 %

Shares of Invesco S&P MidCap Momentum ETF stock opened at $115.14 on Friday. Invesco S&P MidCap Momentum ETF has a 12-month low of $105.77 and a 12-month high of $137.14. The firm’s 50 day simple moving average is $123.30 and its two-hundred day simple moving average is $124.56. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 16.76 and a beta of 1.04.

Invesco S&P MidCap Momentum ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be paid a $0.3006 dividend. This is a positive change from Invesco S&P MidCap Momentum ETF’s previous dividend of $0.05. The ex-dividend date is Monday, March 24th.

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.