Northwestern Mutual Wealth Management Co. Grows Stock Holdings in Invesco S&P MidCap Value with Momentum ETF $XMVM

Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) by 50.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,871 shares of the company’s stock after buying an additional 40,562 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P MidCap Value with Momentum ETF were worth $6,724,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. LPL Financial LLC boosted its position in shares of Invesco S&P MidCap Value with Momentum ETF by 3.3% during the 1st quarter. LPL Financial LLC now owns 427,334 shares of the company’s stock worth $22,539,000 after acquiring an additional 13,538 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Invesco S&P MidCap Value with Momentum ETF by 288.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 59,938 shares of the company’s stock worth $3,334,000 after acquiring an additional 44,494 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Invesco S&P MidCap Value with Momentum ETF by 8.2% during the first quarter. Raymond James Financial Inc. now owns 144,375 shares of the company’s stock worth $7,615,000 after purchasing an additional 10,948 shares during the last quarter. US Bancorp DE acquired a new position in Invesco S&P MidCap Value with Momentum ETF in the first quarter valued at approximately $154,000. Finally, Thoroughbred Financial Services LLC acquired a new position in Invesco S&P MidCap Value with Momentum ETF in the second quarter valued at approximately $877,000.

Invesco S&P MidCap Value with Momentum ETF Trading Down 0.3%

XMVM stock opened at $62.33 on Wednesday. Invesco S&P MidCap Value with Momentum ETF has a twelve month low of $45.68 and a twelve month high of $62.89. The company’s 50 day moving average is $60.64 and its two-hundred day moving average is $58.43. The stock has a market cap of $321.62 million, a P/E ratio of 11.50 and a beta of 1.09.

Invesco S&P MidCap Value with Momentum ETF Company Profile

The Invesco S&P MidCap Value with Momentum ETF (XMVM) is an exchange-traded fund that is based on the S&P Midcap 400 High Momentum Value index. The fund tracks a value-weighted index of S&P 400 MidCap stocks selected by value and momentum. XMVM was launched on Mar 3, 2005 and is managed by Invesco.