Oppenheimer & Co. Inc. Grows Stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Oppenheimer & Co. Inc. grew its stake in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 103.9% in the fourth quarter, Holdings Channel reports. The fund owned 14,686 shares of the company’s stock after acquiring an additional 7,484 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Invesco S&P MidCap Momentum ETF were worth $1,814,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of XMMO. Mainstay Capital Management LLC ADV bought a new stake in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $35,394,000. LPL Financial LLC increased its stake in shares of Invesco S&P MidCap Momentum ETF by 19.3% in the third quarter. LPL Financial LLC now owns 1,744,946 shares of the company’s stock worth $209,969,000 after purchasing an additional 282,112 shares in the last quarter. Principal Securities Inc. raised its position in shares of Invesco S&P MidCap Momentum ETF by 918.3% in the fourth quarter. Principal Securities Inc. now owns 248,852 shares of the company’s stock valued at $30,741,000 after purchasing an additional 224,413 shares during the period. Win Advisors Inc. purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter valued at approximately $12,249,000. Finally, Money Concepts Capital Corp boosted its holdings in Invesco S&P MidCap Momentum ETF by 24.6% in the 4th quarter. Money Concepts Capital Corp now owns 436,572 shares of the company’s stock worth $53,930,000 after buying an additional 86,162 shares during the period.

Invesco S&P MidCap Momentum ETF Trading Down 2.6 %

Invesco S&P MidCap Momentum ETF stock opened at $118.95 on Tuesday. The firm has a 50 day simple moving average of $126.94 and a 200 day simple moving average of $124.82. Invesco S&P MidCap Momentum ETF has a 1-year low of $105.77 and a 1-year high of $137.14. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 19.06 and a beta of 1.03.

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.