Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Reaches New 12-Month High – Still a Buy?

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $142.50 and last traded at $142.6720, with a volume of 225680 shares. The stock had previously closed at $141.02.

Invesco S&P MidCap Momentum ETF Price Performance

The stock’s 50 day simple moving average is $137.85 and its two-hundred day simple moving average is $134.20. The firm has a market cap of $5.16 billion, a P/E ratio of 22.06 and a beta of 1.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Financial Corp IN bought a new stake in Invesco S&P MidCap Momentum ETF in the third quarter worth $25,000. GoalVest Advisory LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the 3rd quarter worth about $29,000. Golden State Wealth Management LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the 2nd quarter worth about $28,000. Briaud Financial Planning Inc bought a new position in Invesco S&P MidCap Momentum ETF in the 2nd quarter worth about $29,000. Finally, Greykasell Wealth Strategies Inc. purchased a new stake in Invesco S&P MidCap Momentum ETF during the 3rd quarter valued at about $43,000.

Invesco S&P MidCap Momentum ETF Company 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.