Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sets New 52-Week High – Here’s Why

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMOGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $147.72 and last traded at $145.31, with a volume of 272430 shares trading hands. The stock had previously closed at $146.42.

Invesco S&P MidCap Momentum ETF Trading Down 0.8%

The firm has a market capitalization of $5.41 billion, a PE ratio of 22.06 and a beta of 1.05. The firm has a 50-day moving average of $141.33 and a two-hundred day moving average of $136.48.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. American Trust bought a new position in shares of Invesco S&P MidCap Momentum ETF during the second quarter worth about $1,062,000. B. Riley Wealth Advisors Inc. bought a new stake in Invesco S&P MidCap Momentum ETF in the second quarter valued at about $5,357,000. AE Wealth Management LLC raised its stake in Invesco S&P MidCap Momentum ETF by 8.6% during the second quarter. AE Wealth Management LLC now owns 21,189 shares of the company’s stock valued at $2,726,000 after buying an additional 1,682 shares in the last quarter. Fifth Third Securities Inc. lifted its holdings in Invesco S&P MidCap Momentum ETF by 12.3% during the 3rd quarter. Fifth Third Securities Inc. now owns 91,761 shares of the company’s stock worth $12,409,000 after buying an additional 10,049 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Invesco S&P MidCap Momentum ETF by 205.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 15,478 shares of the company’s stock worth $2,093,000 after acquiring an additional 10,419 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Company Profile

(Get Free Report)

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.

Further Reading

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