Invesco S&P MidCap Momentum ETF $XMMO Position Trimmed by BNB Wealth Management LLC

BNB Wealth Management LLC lessened its position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 89.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,910 shares of the company’s stock after selling 32,468 shares during the period. BNB Wealth Management LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $574,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in XMMO. Envestnet Asset Management Inc. lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 22.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,295,928 shares of the company’s stock valued at $220,489,000 after purchasing an additional 234,003 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 98.9% during the 2nd quarter. NewEdge Advisors LLC now owns 155,686 shares of the company’s stock worth $26,489,000 after purchasing an additional 77,403 shares during the period. Tidal Investments LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 2nd quarter worth about $1,485,000. Sunrise Financial Services LLC grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 14.0% during the 3rd quarter. Sunrise Financial Services LLC now owns 54,651 shares of the company’s stock worth $8,020,000 after purchasing an additional 6,704 shares during the period. Finally, Kestra Advisory Services LLC grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 29.2% during the 1st quarter. Kestra Advisory Services LLC now owns 50,955 shares of the company’s stock worth $7,390,000 after purchasing an additional 11,531 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Performance

XMMO opened at $136.13 on Friday. The firm has a 50 day moving average price of $147.43 and a 200 day moving average price of $153.80. The company has a market cap of $6.55 billion, a PE ratio of 22.06 and a beta of 1.10. Invesco S&P MidCap Momentum ETF has a 1 year low of $129.31 and a 1 year high of $173.94.

Invesco S&P MidCap Momentum ETF 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.