Lynch Investment Planning LLC Invests $3.05 Million in Invesco S&P MidCap Momentum ETF $XMMO

Lynch Investment Planning LLC acquired a new stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,003 shares of the company’s stock, valued at approximately $3,046,000. Invesco S&P MidCap Momentum ETF comprises 2.9% of Lynch Investment Planning LLC’s holdings, making the stock its 12th largest position.

Other hedge funds have also made changes to their positions in the company. Capstone Wealth Management Group LLC increased its stake in Invesco S&P MidCap Momentum ETF by 148.4% during the first quarter. Capstone Wealth Management Group LLC now owns 28,228 shares of the company’s stock valued at $3,211,000 after acquiring an additional 16,865 shares during the period. AQR Capital Management LLC grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 17.4% during the 1st quarter. AQR Capital Management LLC now owns 12,835 shares of the company’s stock worth $1,460,000 after purchasing an additional 1,905 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of Invesco S&P MidCap Momentum ETF during the 2nd quarter worth approximately $3,587,000. Raymond James Financial Inc. increased its position in shares of 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 valued at $85,895,000 after purchasing an additional 31,948 shares during the period. Finally, Jupiter Wealth Management LLC bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the second quarter valued at approximately $2,120,000.

Invesco S&P MidCap Momentum ETF Trading Up 1.2%

Shares of NYSEARCA XMMO opened at $171.83 on Friday. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 22.06 and a beta of 1.08. Invesco S&P MidCap Momentum ETF has a one year low of $123.58 and a one year high of $173.24. The business has a fifty day simple moving average of $163.56 and a 200 day simple moving average of $150.51.

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.