Financial Partners Group Inc Cuts Stake in Invesco S&P MidCap Momentum ETF $XMMO

Financial Partners Group Inc reduced its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 9.1% during the fourth quarter, HoldingsChannel reports. The fund owned 100,856 shares of the company’s stock after selling 10,047 shares during the period. Invesco S&P MidCap Momentum ETF comprises approximately 1.6% of Financial Partners Group Inc’s holdings, making the stock its 20th largest position. Financial Partners Group Inc’s holdings in Invesco S&P MidCap Momentum ETF were worth $14,148,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of XMMO. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF in the third quarter worth $161,994,000. Advance Capital Management Inc. bought a new stake in Invesco S&P MidCap Momentum ETF in the 4th quarter worth about $27,363,000. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P MidCap Momentum ETF by 20.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 851,097 shares of the company’s stock worth $115,094,000 after buying an additional 143,657 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Invesco S&P MidCap Momentum ETF by 36.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 357,700 shares of the company’s stock worth $48,153,000 after buying an additional 96,163 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Invesco S&P MidCap Momentum ETF by 26.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 372,585 shares of the company’s stock worth $50,385,000 after buying an additional 77,853 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Stock Performance

NYSEARCA XMMO opened at $165.54 on Friday. Invesco S&P MidCap Momentum ETF has a one year low of $119.21 and a one year high of $170.16. The stock has a 50-day moving average of $151.24 and a 200 day moving average of $143.88. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 22.06 and a beta of 1.09.

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.