OLD National Bancorp IN Makes New Investment in Invesco S&P MidCap Momentum ETF $XMMO

OLD National Bancorp IN bought a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the first quarter, Holdings Channel.com reports. The firm bought 181,804 shares of the company’s stock, valued at approximately $26,365,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elevation Capital Advisory LLC boosted its stake in Invesco S&P MidCap Momentum ETF by 162.7% during the fourth quarter. Elevation Capital Advisory LLC now owns 29,671 shares of the company’s stock worth $4,108,000 after buying an additional 18,378 shares during the period. Sound Income Strategies LLC increased its position in shares of Invesco S&P MidCap Momentum ETF by 67.7% during the fourth quarter. Sound Income Strategies LLC now owns 66,916 shares of the company’s stock valued at $9,580,000 after acquiring an additional 27,024 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Invesco S&P MidCap Momentum ETF by 120.6% in the 4th quarter. Farther Finance Advisors LLC now owns 34,147 shares of the company’s stock valued at $4,728,000 after acquiring an additional 18,669 shares during the period. IFG Advisory LLC raised its stake in shares of Invesco S&P MidCap Momentum ETF by 203.0% in the 3rd quarter. IFG Advisory LLC now owns 9,517 shares of the company’s stock valued at $1,287,000 after acquiring an additional 6,376 shares during the period. Finally, Belpointe Asset Management LLC lifted its stake in Invesco S&P MidCap Momentum ETF by 41.2% during the fourth quarter. Belpointe Asset Management LLC now owns 20,891 shares of the company’s stock worth $2,893,000 after purchasing an additional 6,098 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Trading Up 1.3%

XMMO stock opened at $171.12 on Friday. The company has a market capitalization of $7.23 billion, a PE ratio of 22.06 and a beta of 1.08. Invesco S&P MidCap Momentum ETF has a 12-month low of $126.28 and a 12-month high of $173.94. The business’s fifty day moving average price is $165.09 and its 200 day moving average price is $151.69.

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.