Arizona PSPRS Trust purchased a new stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) in the third quarter, Holdings Channel.com reports. The firm purchased 28,212 shares of the company’s stock, valued at approximately $3,395,000. Invesco S&P MidCap Momentum ETF accounts for approximately 0.1% of Arizona PSPRS Trust’s investment portfolio, making the stock its 14th largest position.
A number of other institutional investors have also added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. purchased a new stake in Invesco S&P MidCap Momentum ETF in the second quarter worth approximately $26,000. Glass Jacobson Investment Advisors llc bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the 2nd quarter valued at about $26,000. Concourse Financial Group Securities Inc. raised its position in shares of Invesco S&P MidCap Momentum ETF by 114.2% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 242 shares of the company’s stock worth $28,000 after acquiring an additional 129 shares in the last quarter. Howe & Rusling Inc. purchased a new stake in shares of Invesco S&P MidCap Momentum ETF in the 3rd quarter worth about $30,000. Finally, NBC Securities Inc. boosted its stake in Invesco S&P MidCap Momentum ETF by 83.7% during the third quarter. NBC Securities Inc. now owns 461 shares of the company’s stock worth $55,000 after acquiring an additional 210 shares in the last quarter.
Invesco S&P MidCap Momentum ETF Stock Performance
Shares of XMMO stock opened at $135.33 on Monday. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12. The company’s 50-day moving average is $125.33 and its 200 day moving average is $118.69. Invesco S&P MidCap Momentum ETF has a one year low of $82.25 and a one year high of $137.14.
Invesco S&P MidCap Momentum ETF Company 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.
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