Crewe Advisors LLC Buys New Stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Crewe Advisors LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,413 shares of the company’s stock, valued at approximately $290,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 3.4% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 186,324 shares of the company’s stock worth $22,420,000 after acquiring an additional 6,111 shares in the last quarter. Certified Advisory Corp raised its holdings in Invesco S&P MidCap Momentum ETF by 17.9% in the 3rd quarter. Certified Advisory Corp now owns 14,098 shares of the company’s stock worth $1,696,000 after purchasing an additional 2,145 shares during the period. Nwam LLC purchased a new position in Invesco S&P MidCap Momentum ETF during the third quarter worth approximately $3,208,000. Citigroup Inc. grew its holdings in Invesco S&P MidCap Momentum ETF by 7.1% in the third quarter. Citigroup Inc. now owns 113,054 shares of the company’s stock valued at $13,604,000 after purchasing an additional 7,503 shares during the period. Finally, Investors Research Corp increased its position in shares of Invesco S&P MidCap Momentum ETF by 127.2% in the third quarter. Investors Research Corp now owns 718 shares of the company’s stock valued at $86,000 after buying an additional 402 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Price Performance

Shares of XMMO stock opened at $134.35 on Friday. Invesco S&P MidCap Momentum ETF has a 1-year low of $82.25 and a 1-year high of $134.44. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12. The stock has a 50 day simple moving average of $123.68 and a 200-day simple moving average of $117.97.

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.