Advance Capital Management Inc. Purchases New Stake in Invesco S&P MidCap Momentum ETF $XMMO

Advance Capital Management Inc. acquired a new position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 197,626 shares of the company’s stock, valued at approximately $27,363,000. Invesco S&P MidCap Momentum ETF accounts for approximately 1.2% of Advance Capital Management Inc.’s portfolio, making the stock its 14th largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Capstone Wealth Management Group LLC lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 148.4% in the first quarter. Capstone Wealth Management Group LLC now owns 28,228 shares of the company’s stock valued at $3,211,000 after purchasing an additional 16,865 shares during the period. AQR Capital Management LLC grew its position in Invesco S&P MidCap Momentum ETF by 17.4% during the first quarter. AQR Capital Management LLC now owns 12,835 shares of the company’s stock worth $1,460,000 after buying an additional 1,905 shares during the period. Allworth Financial LP acquired a new position in Invesco S&P MidCap Momentum ETF during the second quarter worth about $68,000. Lodestone Wealth Management LLC increased its holdings in Invesco S&P MidCap Momentum ETF by 16.6% in the second quarter. Lodestone Wealth Management LLC now owns 2,064 shares of the company’s stock valued at $265,000 after buying an additional 294 shares in the last quarter. Finally, Titleist Asset Management LLC increased its holdings in Invesco S&P MidCap Momentum ETF by 6.6% in the second quarter. Titleist Asset Management LLC now owns 43,532 shares of the company’s stock valued at $5,599,000 after buying an additional 2,713 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Trading Up 0.9%

XMMO stock opened at $146.24 on Friday. The firm has a 50 day moving average of $144.98 and a 200-day moving average of $139.38. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 22.06 and a beta of 1.05. Invesco S&P MidCap Momentum ETF has a 12-month low of $97.50 and a 12-month high of $152.42.

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.