Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Reaches New 12-Month High – Here’s What Happened

Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) hit a new 52-week high during trading on Monday . The company traded as high as $139.34 and last traded at $138.8340, with a volume of 24927 shares trading hands. The stock had previously closed at $138.57.

Invesco S&P MidCap Momentum ETF Trading Up 1.3%

The company’s fifty day moving average is $135.81 and its 200 day moving average is $131.95. The company has a market capitalization of $4.90 billion, a P/E ratio of 22.06 and a beta of 1.05.

Hedge Funds Weigh In On Invesco S&P MidCap Momentum ETF

Several hedge funds have recently made changes to their positions in XMMO. First Financial Corp IN purchased a new stake in Invesco S&P MidCap Momentum ETF during the 3rd quarter worth about $25,000. GoalVest Advisory LLC bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the third quarter valued at about $29,000. Golden State Wealth Management LLC bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the second quarter valued at about $28,000. Briaud Financial Planning Inc purchased a new stake in shares of Invesco S&P MidCap Momentum ETF in the second quarter worth about $29,000. Finally, Greykasell Wealth Strategies Inc. bought a new position in shares of Invesco S&P MidCap Momentum ETF in the third quarter valued at approximately $43,000.

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.