Founders Financial Securities LLC Takes $840,000 Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Founders Financial Securities LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,368 shares of the company’s stock, valued at approximately $840,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Concourse Financial Group Securities Inc. boosted its stake in Invesco S&P MidCap Momentum ETF by 114.2% during the second quarter. Concourse Financial Group Securities Inc. now owns 242 shares of the company’s stock worth $28,000 after acquiring an additional 129 shares in the last quarter. Pineridge Advisors LLC acquired a new position in Invesco S&P MidCap Momentum ETF during the first quarter worth $34,000. Voisard Asset Management Group Inc. acquired a new position in Invesco S&P MidCap Momentum ETF during the fourth quarter worth $30,000. First Command Advisory Services Inc. raised its holdings in Invesco S&P MidCap Momentum ETF by 139.8% during the second quarter. First Command Advisory Services Inc. now owns 506 shares of the company’s stock worth $58,000 after buying an additional 295 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in Invesco S&P MidCap Momentum ETF by 202.1% during the first quarter. Global Retirement Partners LLC now owns 565 shares of the company’s stock worth $65,000 after buying an additional 378 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Trading Down 0.4 %

XMMO opened at $113.22 on Thursday. The company’s fifty day moving average price is $115.50 and its two-hundred day moving average price is $113.20. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a 1-year low of $74.39 and a 1-year high of $121.49.

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.