Trek Financial LLC Makes New $2.95 Million Investment in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Trek Financial LLC bought a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 23,892 shares of the company’s stock, valued at approximately $2,951,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in Invesco S&P MidCap Momentum ETF by 765.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 3,718,606 shares of the company’s stock worth $459,359,000 after acquiring an additional 3,288,932 shares in the last quarter. LPL Financial LLC lifted its position in shares of Invesco S&P MidCap Momentum ETF by 53.6% in the fourth quarter. LPL Financial LLC now owns 2,679,516 shares of the company’s stock worth $331,001,000 after purchasing an additional 934,570 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth approximately $66,383,000. Orion Portfolio Solutions LLC grew its position in Invesco S&P MidCap Momentum ETF by 14,523.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 491,189 shares of the company’s stock valued at $60,677,000 after purchasing an additional 487,830 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV acquired a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at approximately $35,394,000.

Invesco S&P MidCap Momentum ETF Stock Down 6.3 %

Shares of NYSEARCA:XMMO opened at $103.22 on Friday. The firm has a fifty day moving average of $120.95 and a two-hundred day moving average of $124.51. Invesco S&P MidCap Momentum ETF has a 12-month low of $101.97 and a 12-month high of $137.14. The firm has a market capitalization of $3.15 billion, a P/E ratio of 16.68 and a beta of 1.04.

Invesco S&P MidCap Momentum ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a dividend of $0.3006 per share. The ex-dividend date was Monday, March 24th. This is an increase from Invesco S&P MidCap Momentum ETF’s previous dividend of $0.05.

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.