Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sets New 12-Month High – Should You Buy?

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $139.26 and last traded at $138.98, with a volume of 173388 shares. The stock had previously closed at $136.82.

Invesco S&P MidCap Momentum ETF Price Performance

The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 22.06 and a beta of 1.05. The stock has a 50-day moving average price of $135.07 and a 200 day moving average price of $130.98.

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

Several large investors have recently modified their holdings of XMMO. World Investment Advisors grew its position in shares of Invesco S&P MidCap Momentum ETF by 1.7% during the second quarter. World Investment Advisors now owns 4,627 shares of the company’s stock worth $595,000 after acquiring an additional 79 shares during the last quarter. Comerica Bank boosted its stake in Invesco S&P MidCap Momentum ETF by 1.3% during the 1st quarter. Comerica Bank now owns 6,602 shares of the company’s stock worth $751,000 after purchasing an additional 85 shares during the period. Blair William & Co. IL grew its position in Invesco S&P MidCap Momentum ETF by 3.2% during the 1st quarter. Blair William & Co. IL now owns 2,946 shares of the company’s stock worth $335,000 after purchasing an additional 91 shares during the last quarter. Advisory Services Network LLC increased its stake in Invesco S&P MidCap Momentum ETF by 2.4% in the third quarter. Advisory Services Network LLC now owns 4,004 shares of the company’s stock valued at $541,000 after purchasing an additional 95 shares during the period. Finally, Good Life Advisors LLC raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 4.7% in the second quarter. Good Life Advisors LLC now owns 2,324 shares of the company’s stock valued at $299,000 after buying an additional 105 shares during 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.