9,819 Shares in Invesco S&P MidCap Momentum ETF $XMMO Bought by Convergence Financial LLC

Convergence Financial LLC bought a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,819 shares of the company’s stock, valued at approximately $1,441,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Investment Advisers increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 9.2% during the first quarter. Cetera Investment Advisers now owns 1,367,490 shares of the company’s stock worth $198,313,000 after purchasing an additional 115,655 shares during the period. Envestnet Asset Management Inc. increased its stake in Invesco S&P MidCap Momentum ETF by 22.0% in the second quarter. Envestnet Asset Management Inc. now owns 1,295,928 shares of the company’s stock valued at $220,489,000 after acquiring an additional 234,003 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the 3rd quarter worth $115,464,000. Bank of America Corp DE boosted 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 in the last quarter. Finally, Royal Bank of Canada boosted its position in Invesco S&P MidCap Momentum ETF by 45.9% in the first quarter. Royal Bank of Canada now owns 372,930 shares of the company’s stock valued at $54,082,000 after buying an additional 117,316 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Stock Up 0.5%

Shares of XMMO stock opened at $139.12 on Thursday. The firm has a market capitalization of $6.75 billion, a P/E ratio of 22.06 and a beta of 1.10. The stock’s fifty day simple moving average is $148.25 and its 200 day simple moving average is $153.84. Invesco S&P MidCap Momentum ETF has a twelve month low of $129.31 and a twelve month high of $173.94.

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.