Sound Income Strategies LLC Has $5.43 Million Stock Position in Invesco S&P MidCap Momentum ETF $XMMO

Sound Income Strategies LLC increased its stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 78.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,892 shares of the company’s stock after purchasing an additional 17,588 shares during the quarter. Sound Income Strategies LLC owned approximately 0.12% of Invesco S&P MidCap Momentum ETF worth $5,430,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. World Investment Advisors lifted its position in shares of Invesco S&P MidCap Momentum ETF by 1.7% in the 2nd quarter. World Investment Advisors now owns 4,627 shares of the company’s stock valued at $595,000 after acquiring an additional 79 shares in the last quarter. Comerica Bank lifted its stake in Invesco S&P MidCap Momentum ETF by 1.3% in the 1st quarter. Comerica Bank now owns 6,602 shares of the company’s stock worth $751,000 after acquiring an additional 85 shares in the last quarter. Good Life Advisors LLC grew its stake in Invesco S&P MidCap Momentum ETF by 4.7% during the 2nd quarter. Good Life Advisors LLC now owns 2,324 shares of the company’s stock valued at $299,000 after acquiring an additional 105 shares in the last quarter. Capital Analysts LLC lifted its position in shares of Invesco S&P MidCap Momentum ETF by 17.4% in the first quarter. Capital Analysts LLC now owns 742 shares of the company’s stock worth $84,000 after purchasing an additional 110 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 24.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 671 shares of the company’s stock worth $87,000 after purchasing an additional 132 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of XMMO opened at $140.19 on Friday. The company has a market capitalization of $4.90 billion, a PE ratio of 22.06 and a beta of 1.05. The company’s 50 day moving average price is $136.41 and its 200 day moving average price is $132.73. Invesco S&P MidCap Momentum ETF has a 52 week low of $97.50 and a 52 week high of $142.34.

About Invesco S&P MidCap Momentum ETF

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.