Financial Partners Group Inc Sells 10,047 Shares of Invesco S&P MidCap Momentum ETF $XMMO

Financial Partners Group Inc decreased its position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,856 shares of the company’s stock after selling 10,047 shares during the quarter. Invesco S&P MidCap Momentum ETF makes up 1.6% of Financial Partners Group Inc’s portfolio, making the stock its 20th biggest position. Financial Partners Group Inc owned approximately 0.27% of Invesco S&P MidCap Momentum ETF worth $14,148,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vantagepoint Investment Advisers LLC bought a new position in Invesco S&P MidCap Momentum ETF in the third quarter worth $161,994,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco S&P MidCap Momentum ETF by 20.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 851,097 shares of the company’s stock worth $115,094,000 after acquiring an additional 143,657 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Invesco S&P MidCap Momentum ETF by 9.8% in the third quarter. Raymond James Financial Inc. now owns 733,206 shares of the company’s stock worth $99,151,000 after acquiring an additional 65,436 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Invesco S&P MidCap Momentum ETF by 3.5% in the third quarter. Ameriprise Financial Inc. now owns 672,967 shares of the company’s stock worth $91,134,000 after acquiring an additional 22,735 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Invesco S&P MidCap Momentum ETF by 7.5% in the third quarter. Bank of America Corp DE now owns 642,741 shares of the company’s stock worth $86,918,000 after acquiring an additional 45,085 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Trading Up 0.7%

NYSEARCA XMMO opened at $165.54 on Friday. Invesco S&P MidCap Momentum ETF has a 12 month low of $119.21 and a 12 month high of $170.16. The stock has a market cap of $6.99 billion, a P/E ratio of 22.06 and a beta of 1.09. The stock’s fifty day moving average price is $151.24 and its 200-day moving average price is $143.88.

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.