Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sets New 52-Week Low – Time to Sell?

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Get Free Report) reached a new 52-week low on Thursday. The stock traded as low as $129.17 and last traded at $128.0230, with a volume of 232,735 shares. The stock had previously closed at $134.48.

Invesco S&P MidCap Momentum ETF Stock Performance

The firm’s 50 day simple moving average is $146.21 and its 200-day simple moving average is $153.69. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 22.06 and a beta of 1.11.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Cetera Investment Advisers grew its position in shares of Invesco S&P MidCap Momentum ETF by 9.2% in the first quarter. Cetera Investment Advisers now owns 1,367,490 shares of the company’s stock valued at $198,313,000 after purchasing an additional 115,655 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Invesco S&P MidCap Momentum ETF by 22.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,295,928 shares of the company’s stock worth $220,489,000 after purchasing an additional 234,003 shares during the last quarter. Vantagepoint Investment Advisers LLC acquired a new position in shares of Invesco S&P MidCap Momentum ETF during the 3rd quarter worth about $115,464,000. Bank of America Corp DE boosted its stake in Invesco S&P MidCap Momentum ETF by 13.4% during the 1st quarter. Bank of America Corp DE now owns 785,643 shares of the company’s stock valued at $113,934,000 after purchasing an additional 92,770 shares during the period. Finally, Royal Bank of Canada boosted its stake in Invesco S&P MidCap Momentum ETF by 45.9% during the 1st quarter. Royal Bank of Canada now owns 372,930 shares of the company’s stock valued at $54,082,000 after purchasing an additional 117,316 shares during the period.

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.

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