Major investment firms increased their holdings in momentum-based ETFs, with Ausdal's investment in XMMO surging 583.2%.

Arlington Capital Management and Ausdal Financial Partners Inc. increased their holdings in the Invesco S&P MidCap Momentum ETF (XMMO), with Ausdal's holdings rising by 583.2%. LPL Financial LLC also boosted its investment in a similar ETF, the Invesco S&P SmallCap Value with Momentum ETF (XSVM), by 2.5%. Meanwhile, Avantax Advisory Services Inc. made a new investment in the Invesco S&P International Developed Momentum ETF (IDMO), which saw a 59.5% increase in the fourth quarter.