Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Reaches New 52-Week High – Time to Buy?

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) shares hit a new 52-week high on Wednesday . The company traded as high as $153.18 and last traded at $153.18, with a volume of 1312 shares changing hands. The stock had previously closed at $147.95.

Invesco S&P MidCap Momentum ETF Trading Up 3.9%

The stock has a fifty day simple moving average of $145.87 and a two-hundred day simple moving average of $140.56. The company has a market cap of $6.18 billion, a PE ratio of 22.06 and a beta of 1.07.

Institutional Investors Weigh In On Invesco S&P MidCap Momentum ETF

A number of institutional investors have recently added to or reduced their stakes in the business. World Investment Advisors boosted its holdings in Invesco S&P MidCap Momentum ETF by 1.7% in the 4th quarter. World Investment Advisors now owns 6,622 shares of the company’s stock valued at $917,000 after purchasing an additional 113 shares in the last quarter. Lynch Investment Planning LLC purchased a new stake in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at approximately $3,046,000. Sonoma Allocations LLC boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 3.5% during the 4th quarter. Sonoma Allocations LLC now owns 12,398 shares of the company’s stock worth $1,755,000 after acquiring an additional 416 shares in the last quarter. Monetary Solutions Ltd purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter worth approximately $2,068,000. Finally, ATX Financial Planning LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter worth approximately $3,675,000.

Invesco S&P MidCap Momentum ETF Company Profile

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.