Paller Financial Services Inc Invests $3.46 Million in Invesco S&P MidCap Momentum ETF $XMMO

Paller Financial Services Inc bought a new position in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) in the 4th quarter, Holdings Channel reports. The fund bought 24,998 shares of the company’s stock, valued at approximately $3,461,000. Invesco S&P MidCap Momentum ETF makes up 2.8% of Paller Financial Services Inc’s portfolio, making the stock its 15th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. OxenFree Capital LLC lifted its position in Invesco S&P MidCap Momentum ETF by 19.6% during the fourth quarter. OxenFree Capital LLC now owns 10,746 shares of the company’s stock worth $1,488,000 after acquiring an additional 1,763 shares during the last quarter. Silver Oak Securities Incorporated boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 79.1% during the fourth quarter. Silver Oak Securities Incorporated now owns 5,343 shares of the company’s stock worth $747,000 after acquiring an additional 2,359 shares during the period. Jaffetilchin Investment Partners LLC grew its position in shares of Invesco S&P MidCap Momentum ETF by 19.3% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 2,439 shares of the company’s stock valued at $338,000 after purchasing an additional 395 shares during the last quarter. Brookstone Capital Management grew its position in shares of Invesco S&P MidCap Momentum ETF by 7.1% in the fourth quarter. Brookstone Capital Management now owns 4,097 shares of the company’s stock valued at $567,000 after purchasing an additional 270 shares during the last quarter. Finally, MOR Wealth Management LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth approximately $226,000.

Invesco S&P MidCap Momentum ETF Trading Up 4.3%

NYSEARCA:XMMO opened at $145.02 on Wednesday. The stock has a market cap of $5.40 billion, a P/E ratio of 22.06 and a beta of 1.05. The stock has a 50 day simple moving average of $145.32 and a 200 day simple moving average of $140.09. Invesco S&P MidCap Momentum ETF has a 1-year low of $97.50 and a 1-year high of $152.42.

Invesco S&P MidCap Momentum ETF Profile

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.