Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Hits New 1-Year High – What’s Next?

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $173.30 and last traded at $172.49, with a volume of 26481 shares changing hands. The stock had previously closed at $171.83.

Invesco S&P MidCap Momentum ETF Stock Up 0.3%

The firm has a market capitalization of $7.28 billion, a P/E ratio of 22.06 and a beta of 1.08. The stock has a fifty day moving average of $163.92 and a 200-day moving average of $150.75.

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

A number of large investors have recently modified their holdings of XMMO. Elevation Capital Advisory LLC grew its stake in shares of Invesco S&P MidCap Momentum ETF by 162.7% in the fourth quarter. Elevation Capital Advisory LLC now owns 29,671 shares of the company’s stock worth $4,108,000 after acquiring an additional 18,378 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of Invesco S&P MidCap Momentum ETF by 67.7% in the fourth quarter. Sound Income Strategies LLC now owns 66,916 shares of the company’s stock worth $9,580,000 after purchasing an additional 27,024 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Invesco S&P MidCap Momentum ETF by 120.6% during the 4th quarter. Farther Finance Advisors LLC now owns 34,147 shares of the company’s stock valued at $4,728,000 after acquiring an additional 18,669 shares during the period. IFG Advisory LLC lifted its position in Invesco S&P MidCap Momentum ETF by 203.0% during the third quarter. IFG Advisory LLC now owns 9,517 shares of the company’s stock valued at $1,287,000 after purchasing an additional 6,376 shares during the period. Finally, Fifth Third Securities Inc. grew its position in Invesco S&P MidCap Momentum ETF by 4.0% in the 4th quarter. Fifth Third Securities Inc. now owns 95,412 shares of the company’s stock worth $13,211,000 after purchasing an additional 3,651 shares during the period.

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.