Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sets New 52-Week High – Should You Buy?

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $148.79 and last traded at $148.2120, with a volume of 97857 shares. The stock had previously closed at $147.05.

Invesco S&P MidCap Momentum ETF Stock Performance

The firm’s fifty day moving average price is $141.93 and its 200 day moving average price is $136.95. The firm has a market cap of $5.51 billion, a P/E ratio of 22.06 and a beta of 1.05.

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

A number of large investors have recently bought and sold shares of the business. First Financial Corp IN bought a new position in shares of Invesco S&P MidCap Momentum ETF in the 3rd quarter worth $25,000. Optima Capital LLC purchased a new position in Invesco S&P MidCap Momentum ETF in the fourth quarter valued at about $26,000. Golden State Wealth Management LLC purchased a new position in Invesco S&P MidCap Momentum ETF in the second quarter valued at about $28,000. Realta Investment Advisors bought a new position in Invesco S&P MidCap Momentum ETF in the fourth quarter worth about $28,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter valued at about $28,000.

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.