Silver Oak Securities Incorporated Grows Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Silver Oak Securities Incorporated grew its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 59.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,930 shares of the company’s stock after buying an additional 3,691 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Invesco S&P MidCap Momentum ETF were worth $892,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. LPL Financial LLC boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 7.7% during the third quarter. LPL Financial LLC now owns 1,213,229 shares of the company’s stock valued at $97,677,000 after purchasing an additional 86,438 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 45.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 388,880 shares of the company’s stock valued at $34,925,000 after purchasing an additional 122,233 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter valued at approximately $32,634,000. Stifel Financial Corp boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 2.9% during the third quarter. Stifel Financial Corp now owns 172,049 shares of the company’s stock valued at $13,854,000 after purchasing an additional 4,911 shares during the period. Finally, Raymond James & Associates boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 5.7% during the fourth quarter. Raymond James & Associates now owns 125,741 shares of the company’s stock valued at $11,293,000 after purchasing an additional 6,813 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Performance

NYSEARCA:XMMO opened at $110.00 on Monday. The firm has a market cap of $2.15 billion, a PE ratio of 19.55 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $72.49 and a fifty-two week high of $116.53. The business has a 50 day moving average price of $110.29 and a 200-day moving average price of $95.12.

About Invesco S&P MidCap Momentum ETF

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.