Mercer Global Advisors Inc. ADV Makes New $254,000 Investment in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Mercer Global Advisors Inc. ADV purchased a new stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,368 shares of the company’s stock, valued at approximately $254,000.

A number of other hedge funds also recently modified their holdings of XMMO. Worth Asset Management LLC bought a new stake in Invesco S&P MidCap Momentum ETF in the fourth quarter valued at approximately $29,000. Fifth Third Bancorp acquired a new position in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter worth approximately $158,000. Integrated Advisors Network LLC bought a new stake in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter valued at $203,000. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth $212,000. Finally, Nwam LLC bought a new position in Invesco S&P MidCap Momentum ETF during the fourth quarter worth $215,000.

Invesco S&P MidCap Momentum ETF Trading Up 0.6 %

Shares of XMMO opened at $73.69 on Friday. The firm’s fifty day simple moving average is $74.27 and its two-hundred day simple moving average is $76.44. Invesco S&P MidCap Momentum ETF has a 12 month low of $68.22 and a 12 month high of $83.68. The stock has a market capitalization of $1.04 billion, a P/E ratio of 10.00 and a beta of 1.01.

About Invesco S&P MidCap Momentum ETF

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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.