Traynor Capital Management Inc. Invests $1.71 Million in Invesco S&P MidCap Momentum ETF $XMMO

Traynor Capital Management Inc. acquired a new stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 12,642 shares of the company’s stock, valued at approximately $1,710,000.

A number of other hedge funds also recently bought and sold shares of XMMO. Guardian Asset Advisors LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the 3rd quarter valued at $5,755,000. Vantagepoint Investment Advisers LLC bought a new position in Invesco S&P MidCap Momentum ETF in the third quarter worth about $161,994,000. Y Intercept Hong Kong Ltd lifted its position in shares of Invesco S&P MidCap Momentum ETF by 202.6% during the third quarter. Y Intercept Hong Kong Ltd now owns 8,223 shares of the company’s stock valued at $1,112,000 after buying an additional 5,506 shares during the last quarter. Westfuller Advisors LLC bought a new stake in shares of Invesco S&P MidCap Momentum ETF in the 3rd quarter valued at about $77,000. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of Invesco S&P MidCap Momentum ETF by 32.3% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 5,284 shares of the company’s stock worth $715,000 after buying an additional 1,290 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Stock Up 0.1%

NYSEARCA:XMMO opened at $142.78 on Thursday. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 22.06 and a beta of 1.05. Invesco S&P MidCap Momentum ETF has a 52 week low of $97.50 and a 52 week high of $144.88. The firm has a 50 day moving average of $139.84 and a 200 day moving average of $135.57.

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.