Dala Group LLC Takes Position in Invesco S&P MidCap Momentum ETF $XMMO

Dala Group LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 104,230 shares of the company’s stock, valued at approximately $15,112,000. Invesco S&P MidCap Momentum ETF accounts for about 12.6% of Dala Group LLC’s holdings, making the stock its largest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mascagni Wealth Management Inc. increased its position in Invesco S&P MidCap Momentum ETF by 4.1% in the 1st quarter. Mascagni Wealth Management Inc. now owns 7,423 shares of the company’s stock valued at $1,077,000 after acquiring an additional 295 shares during the period. Sonoma Allocations LLC lifted its position in Invesco S&P MidCap Momentum ETF by 55.1% during the 1st quarter. Sonoma Allocations LLC now owns 19,230 shares of the company’s stock worth $2,844,000 after acquiring an additional 6,832 shares during the period. NewEdge Advisors LLC lifted its position in Invesco S&P MidCap Momentum ETF by 36.2% during the 1st quarter. NewEdge Advisors LLC now owns 61,308 shares of the company’s stock worth $8,891,000 after acquiring an additional 16,281 shares during the period. Bank of America Corp DE grew its stake in shares of Invesco S&P MidCap Momentum ETF by 13.4% in the 1st quarter. Bank of America Corp DE now owns 785,643 shares of the company’s stock valued at $113,934,000 after purchasing an additional 92,770 shares during the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the 1st quarter valued at approximately $158,000.

Invesco S&P MidCap Momentum ETF Trading Up 0.2%

NYSEARCA:XMMO opened at $154.29 on Friday. Invesco S&P MidCap Momentum ETF has a 12-month low of $126.64 and a 12-month high of $173.94. The stock’s 50 day simple moving average is $164.54 and its 200-day simple moving average is $155.32. The firm has a market cap of $7.14 billion, a P/E ratio of 22.06 and a beta of 1.08.

Invesco S&P MidCap Momentum ETF 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.