Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) shares saw unusually-strong trading volume on Monday . Approximately 346,716 shares changed hands during trading, an increase of 121% from the previous session’s volume of 156,807 shares.The stock last traded at $140.9940 and had previously closed at $140.43.

Invesco S&P MidCap Momentum ETF Trading Up 0.4%

The stock has a market capitalization of $5.19 billion, a PE ratio of 22.06 and a beta of 1.05. The firm has a 50-day moving average price of $137.47 and a 200-day moving average price of $133.86.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. World Investment Advisors increased its position in shares of Invesco S&P MidCap Momentum ETF by 1.7% during the 2nd quarter. World Investment Advisors now owns 4,627 shares of the company’s stock valued at $595,000 after purchasing an additional 79 shares during the last quarter. Comerica Bank boosted its stake in Invesco S&P MidCap Momentum ETF by 1.3% in the first quarter. Comerica Bank now owns 6,602 shares of the company’s stock worth $751,000 after buying an additional 85 shares in the last quarter. Advisory Services Network LLC grew its position in Invesco S&P MidCap Momentum ETF by 2.4% during the third quarter. Advisory Services Network LLC now owns 4,004 shares of the company’s stock valued at $541,000 after acquiring an additional 95 shares during the last quarter. Good Life Advisors LLC raised its stake in shares of Invesco S&P MidCap Momentum ETF by 4.7% during the second quarter. Good Life Advisors LLC now owns 2,324 shares of the company’s stock worth $299,000 after acquiring an additional 105 shares in the last quarter. Finally, Brass Tax Wealth Management Inc. raised its stake in shares of Invesco S&P MidCap Momentum ETF by 1.5% during the third quarter. Brass Tax Wealth Management Inc. now owns 7,784 shares of the company’s stock worth $1,053,000 after acquiring an additional 117 shares in the last quarter.

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.