Commonwealth Financial Services LLC Purchases New Stake in Invesco S&P MidCap Momentum ETF $XMMO

Commonwealth Financial Services LLC purchased a new position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the third quarter, HoldingsChannel.com reports. The fund purchased 8,264 shares of the company’s stock, valued at approximately $1,213,000.

Several other hedge funds have also made changes to their positions in the stock. Retirement Planning Group LLC bought a new stake in Invesco S&P MidCap Momentum ETF in the 3rd quarter valued at about $464,000. Secure Asset Management LLC boosted its position in shares of Invesco S&P MidCap Momentum ETF by 8.0% during the 3rd quarter. Secure Asset Management LLC now owns 8,826 shares of the company’s stock valued at $1,295,000 after purchasing an additional 656 shares in the last quarter. Richards Merrill & Peterson Inc. bought a new stake in shares of Invesco S&P MidCap Momentum ETF in the 3rd quarter worth approximately $160,000. Capital Square LLC lifted its position in shares of Invesco S&P MidCap Momentum ETF by 3.9% during the 3rd quarter. Capital Square LLC now owns 2,781 shares of the company’s stock valued at $408,000 after acquiring an additional 104 shares during the last quarter. Finally, Independent Wealth Network Inc. raised its position in shares of Invesco S&P MidCap Momentum ETF by 6.5% during the third quarter. Independent Wealth Network Inc. now owns 20,064 shares of the company’s stock worth $2,944,000 after purchasing an additional 1,221 shares during the period.

Invesco S&P MidCap Momentum ETF Price Performance

NYSEARCA XMMO traded down $0.28 on Tuesday, hitting $140.32. 293,975 shares of the stock were exchanged, compared to its average volume of 351,590. Invesco S&P MidCap Momentum ETF has a 52-week low of $129.31 and a 52-week high of $173.94. The company’s 50-day moving average price is $151.62 and its two-hundred day moving average price is $158.35. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 22.06 and a beta of 1.10.

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.