BNB Wealth Management LLC Buys New Stake in Invesco S&P MidCap Momentum ETF $XMMO

BNB Wealth Management LLC bought a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 17,438 shares of the company’s stock, valued at approximately $2,414,000. Invesco S&P MidCap Momentum ETF makes up about 1.6% of BNB Wealth Management LLC’s investment portfolio, making the stock its 24th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of XMMO. Capstone Wealth Management Group LLC grew its holdings 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 in the last quarter. AQR Capital Management LLC boosted its stake 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. Cerity Partners LLC purchased a new position in Invesco S&P MidCap Momentum ETF during the second quarter worth $3,587,000. Raymond James Financial Inc. boosted its stake in Invesco S&P MidCap Momentum ETF by 5.0% during the second quarter. Raymond James Financial Inc. now owns 667,770 shares of the company’s stock worth $85,895,000 after buying an additional 31,948 shares during the period. Finally, Jupiter Wealth Management LLC purchased a new position in Invesco S&P MidCap Momentum ETF during the second quarter worth $2,120,000.

Invesco S&P MidCap Momentum ETF Stock Down 0.3%

NYSEARCA XMMO opened at $169.71 on Thursday. The company has a fifty day moving average of $163.08 and a two-hundred day moving average of $150.28. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 22.06 and a beta of 1.08. Invesco S&P MidCap Momentum ETF has a 52 week low of $123.58 and a 52 week high of $173.24.

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.