Columbia Advisory Partners LLC Makes New $4.58 Million Investment in Invesco S&P MidCap Momentum ETF $XMMO

Columbia Advisory Partners LLC bought a new stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the 1st quarter, HoldingsChannel reports. The fund bought 31,616 shares of the company’s stock, valued at approximately $4,585,000. Invesco S&P MidCap Momentum ETF accounts for about 2.9% of Columbia Advisory Partners LLC’s investment portfolio, making the stock its 6th biggest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. LPL Financial LLC lifted its position in shares of Invesco S&P MidCap Momentum ETF by 11.4% in the 4th quarter. LPL Financial LLC now owns 3,472,670 shares of the company’s stock worth $480,826,000 after buying an additional 355,614 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Invesco S&P MidCap Momentum ETF by 11.3% during the 4th quarter. Cetera Investment Advisers now owns 1,251,835 shares of the company’s stock valued at $173,329,000 after buying an additional 127,090 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Invesco S&P MidCap Momentum ETF by 13.5% during the 4th quarter. Wells Fargo & Company MN now owns 1,058,740 shares of the company’s stock valued at $146,593,000 after buying an additional 125,898 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco S&P MidCap Momentum ETF by 9.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 927,629 shares of the company’s stock valued at $128,440,000 after buying an additional 76,532 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in Invesco S&P MidCap Momentum ETF by 14.2% during the fourth quarter. Raymond James Financial Inc. now owns 837,045 shares of the company’s stock worth $115,897,000 after acquiring an additional 103,839 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Up 1.6%

Shares of NYSEARCA XMMO opened at $170.14 on Wednesday. The firm’s 50-day moving average price is $165.76 and its two-hundred day moving average price is $152.30. Invesco S&P MidCap Momentum ETF has a 52-week low of $126.64 and a 52-week high of $173.94. The stock has a market capitalization of $7.19 billion, a P/E ratio of 22.06 and a beta of 1.08.

Invesco S&P MidCap Momentum ETF Company 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.