Veridan Wealth LLC Acquires Shares of 11,568 Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Veridan Wealth LLC bought a new stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the fourth quarter, HoldingsChannel reports. The firm bought 11,568 shares of the company’s stock, valued at approximately $1,495,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Howe & Rusling Inc. purchased a new position in Invesco S&P MidCap Momentum ETF during the 3rd quarter valued at about $30,000. Transcendent Capital Group LLC lifted its holdings in shares of Invesco S&P MidCap Momentum ETF by 2,689.5% during the fourth quarter. Transcendent Capital Group LLC now owns 530 shares of the company’s stock valued at $65,000 after purchasing an additional 511 shares during the last quarter. Richardson Financial Services Inc. bought a new stake in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter worth approximately $70,000. First Command Advisory Services Inc. boosted its position in shares of Invesco S&P MidCap Momentum ETF by 30.0% in the 4th quarter. First Command Advisory Services Inc. now owns 658 shares of the company’s stock worth $81,000 after purchasing an additional 152 shares in the last quarter. Finally, Investors Research Corp grew its stake in shares of Invesco S&P MidCap Momentum ETF by 127.2% in the 3rd quarter. Investors Research Corp now owns 718 shares of the company’s stock worth $86,000 after buying an additional 402 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Stock Down 1.6 %

XMMO stock opened at $120.41 on Friday. The business has a 50 day moving average of $127.10 and a 200 day moving average of $124.58. Invesco S&P MidCap Momentum ETF has a twelve month low of $104.48 and a twelve month high of $137.14. The firm has a market cap of $3.76 billion, a PE ratio of 19.06 and a beta of 1.03.

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.