Raymond James Financial Inc. Invests $7.40 Million in Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM)

Raymond James Financial Inc. bought a new stake in Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) during the fourth quarter, Holdings Channel.com reports. The fund bought 133,427 shares of the company’s stock, valued at approximately $7,395,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Breakwater Capital Group lifted its stake in Invesco S&P MidCap Value with Momentum ETF by 2.9% during the fourth quarter. Breakwater Capital Group now owns 18,928 shares of the company’s stock worth $1,049,000 after purchasing an additional 536 shares during the last quarter. Ameritas Advisory Services LLC increased its position in shares of Invesco S&P MidCap Value with Momentum ETF by 5.2% during the 4th quarter. Ameritas Advisory Services LLC now owns 42,792 shares of the company’s stock valued at $2,372,000 after purchasing an additional 2,118 shares during the last quarter. Guidance Capital Inc. raised its holdings in shares of Invesco S&P MidCap Value with Momentum ETF by 10.4% during the 4th quarter. Guidance Capital Inc. now owns 27,137 shares of the company’s stock valued at $1,548,000 after buying an additional 2,552 shares in the last quarter. Parcion Private Wealth LLC bought a new stake in Invesco S&P MidCap Value with Momentum ETF in the 4th quarter worth approximately $224,000. Finally, Jones Financial Companies Lllp boosted its stake in Invesco S&P MidCap Value with Momentum ETF by 245.1% in the fourth quarter. Jones Financial Companies Lllp now owns 5,759 shares of the company’s stock worth $319,000 after buying an additional 4,090 shares in the last quarter.

Invesco S&P MidCap Value with Momentum ETF Price Performance

Shares of NYSEARCA XMVM opened at $53.15 on Monday. The stock has a market capitalization of $248.74 million, a P/E ratio of 11.23 and a beta of 1.20. Invesco S&P MidCap Value with Momentum ETF has a one year low of $50.04 and a one year high of $62.50. The firm’s 50 day simple moving average is $55.77 and its two-hundred day simple moving average is $56.41.

Invesco S&P MidCap Value with Momentum ETF Company Profile

The Invesco S&P MidCap Value with Momentum ETF (XMVM) is an exchange-traded fund that is based on the S&P Midcap 400 High Momentum Value index. The fund tracks a value-weighted index of S&P 400 MidCap stocks selected by value and momentum. XMVM was launched on Mar 3, 2005 and is managed by Invesco.