International Assets Investment Management LLC Has $421,000 Stock Position in Invesco S&P MidCap Momentum ETF $XMMO

Key Takeaways:

• International Assets Investment Management LLC reduced its holdings by 4.1%.
• The firm sold 141 shares of the Invesco S&P MidCap Momentum ETF.
• The remaining 3,276 shares are worth $421,000.
• The disclosure was filed with the SEC.
• The transaction took place in the second quarter.

Background on International Assets Investment Management LLC

International Assets Investment Management LLC is an investment manager that periodically adjusts its portfolio based on market outlook and strategic considerations. Its latest move involves a reduction in holdings of the Invesco S&P MidCap Momentum ETF.

SEC Filing Details

During the second quarter, the firm submitted its disclosure to the Securities & Exchange Commission, highlighting a net sale of shares. Such filings provide transparency on the changes institutional investors make to their portfolios.

Share Counts and Value

According to the filing, International Assets Investment Management LLC sold 141 shares of the fund, resulting in a 4.1% decrease from its previous holdings. As a result, the firm currently holds 3,276 shares, which have an estimated value of $421,000.

Implications of the Transaction

Though the article does not speculate on the company’s future strategy, the disclosure indicates that International Assets Investment Management LLC is actively managing its positions. This adjustment, as reported by The Lincolnian Online, underscores how swiftly investment managers can respond to market conditions within the mid-cap sector.