Independent Financial Group LLC Purchases New Position in Invesco S&P MidCap Value with Momentum ETF $XMVM

Independent Financial Group LLC purchased a new position in Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 66,935 shares of the company’s stock, valued at approximately $4,359,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC boosted its position in Invesco S&P MidCap Value with Momentum ETF by 3.3% during the 4th quarter. LPL Financial LLC now owns 562,745 shares of the company’s stock valued at $36,106,000 after acquiring an additional 18,141 shares in the last quarter. Bank of America Corp DE raised its position in shares of Invesco S&P MidCap Value with Momentum ETF by 0.5% in the 3rd quarter. Bank of America Corp DE now owns 261,019 shares of the company’s stock worth $16,086,000 after acquiring an additional 1,187 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Invesco S&P MidCap Value with Momentum ETF by 7.7% in the 3rd quarter. Raymond James Financial Inc. now owns 149,246 shares of the company’s stock worth $9,198,000 after acquiring an additional 10,608 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco S&P MidCap Value with Momentum ETF by 14.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 148,670 shares of the company’s stock valued at $9,539,000 after purchasing an additional 18,909 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Invesco S&P MidCap Value with Momentum ETF by 6.8% in the 4th quarter. Royal Bank of Canada now owns 79,297 shares of the company’s stock valued at $5,087,000 after purchasing an additional 5,062 shares during the period.

Invesco S&P MidCap Value with Momentum ETF Stock Down 0.5%

NYSEARCA XMVM opened at $73.56 on Friday. Invesco S&P MidCap Value with Momentum ETF has a twelve month low of $54.32 and a twelve month high of $74.32. The firm has a market capitalization of $495.06 million, a PE ratio of 11.50 and a beta of 0.98. The stock’s 50 day moving average is $70.13 and its 200 day moving average is $67.99.

About Invesco S&P MidCap Value with Momentum ETF

The Invesco S&P MidCap Value with Momentum ETF (XMVM) is an exchange-traded fund that is based on the S&P Midcap 400 High Momentum Value index. The fund tracks a value-weighted index of S&P 400 MidCap stocks selected by value and momentum. XMVM was launched on Mar 3, 2005 and is managed by Invesco.