Summit Investment Advisors Inc. Purchases 2,317 Shares of Invesco S&P MidCap Momentum ETF $XMMO

Summit Investment Advisors Inc. increased its position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 12.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,313 shares of the company’s stock after purchasing an additional 2,317 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $2,311,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. World Investment Advisors raised its holdings in Invesco S&P MidCap Momentum ETF by 1.7% in the second quarter. World Investment Advisors now owns 4,627 shares of the company’s stock worth $595,000 after purchasing an additional 79 shares in the last quarter. Comerica Bank increased its stake in shares of 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. Kovack Advisors Inc. lifted its position in Invesco S&P MidCap Momentum ETF by 0.3% during the 1st quarter. Kovack Advisors Inc. now owns 33,507 shares of the company’s stock valued at $3,812,000 after acquiring an additional 89 shares during the period. Blair William & Co. IL boosted its stake in Invesco S&P MidCap Momentum ETF by 3.2% during the first quarter. Blair William & Co. IL now owns 2,946 shares of the company’s stock worth $335,000 after acquiring an additional 91 shares in the last quarter. Finally, D.A. Davidson & CO. grew its holdings in Invesco S&P MidCap Momentum ETF by 5.7% in the first quarter. D.A. Davidson & CO. now owns 1,867 shares of the company’s stock worth $212,000 after purchasing an additional 100 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Performance

XMMO stock opened at $136.43 on Monday. The firm has a 50 day moving average price of $134.89 and a 200-day moving average price of $129.54. Invesco S&P MidCap Momentum ETF has a 52-week low of $97.50 and a 52-week high of $139.26. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 22.06 and a beta of 1.05.

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.